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25 Shocking Facts That Prove That The Entire U.S. Health Care Industry Has Become One Giant Money Making Scam

Wednesday, June 22, 2011 21:05
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(Before It's News)

What is the appropriate word to use when you find out that the top executive at the third largest health insurance company in America raked in 68.7 million dollars in 2010?  How is one supposed to respond when one learns that more than two dozen pharmaceutical companies make over a billion dollars in profits each year?  Is it okay to get angry when you discover that over 90 percent of all hospital bills contain “gross overcharges”?  Once upon a time, going into the medical profession was seen as a “noble” thing to do.  But now the health care industry in the United States has become one giant money making scam and it is completely dominated by health insurance companies, pharmaceutical corporations, lawyers and corporate fatcats.  In America today, just one trip to the hospital can cost you tens of thousands of dollars even if you do not stay for a single night.  The sad thing is that the vast majority of the money that you pay out for medical care does not even go to your doctor.  In fact, large numbers of doctors across the United States are going broke.  Rather, it is the “system” that is soaking up almost all of the profits.  We have a health care industry in the United States that is fundamentally broken and it needs to be rebuilt from the ground up.

But wasn’t that what Obamacare was supposed to do?  No, in fact Obamacare was largely written by representatives from the health insurance industry and the pharmaceutical industry.  Once it was signed into law the stocks of most health insurance companies went way up.

The truth is that Obamacare was one of the worst pieces of legislation in modern American history.  It did nothing to fix our health care problems.  Rather, it just made all of our health care problems much worse.

In case you haven’t noticed, health insurance companies all over the United States have announced that they are going to raise premiums significantly due to the new law.  Of course they are just using it as an excuse.  They have been sticking it to us good for the last several decades and they just grab hold of whatever excuse they can find to justify the latest rate hike.

If you are looking for a legal way to drain massive amounts of money out of average Americans just become a health care company executive.  Health care has become perhaps the greatest money making scam in the United States.  When Americans are sick and have to go to the hospital most of them aren’t really thinking about how much it will cost.  At that point they are super vulnerable and ready to be exploited.

It is almost unbelievable how much money some of these companies make.  Health insurance companies are more profitable when they provide less health care.  Pharmaceutical companies aren’t in the business of saving lives.  Rather, they are in the business of inflating the profit margins on their drugs as much as possible.  Many hospitals have adopted a policy of charging “whatever they can get away with”, knowing that the vast majority of the public will never challenge the medical bills.

The system is broken.

Everyone knows it.

But it never gets fixed.

The following are 25 shocking facts that prove that the entire U.S. health care industry is one giant money making scam….

#1 The chairman of Aetna, the third largest health insurance company in the United States, brought in a staggering $68.7 million during 2010. Ron Williams exercised stock options that were worth approximately $50.3 million and he raked in an additional $18.4 million in wages and other forms of compensation.  The funny thing is that he left the company and didn’t even work the whole year.

#2 The top executives at the five largest for-profit health insurance companies in the United States combined to receive nearly $200 million in total compensation in 2009.

#3 One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt.

#4 Over the last decade, the number of Americans without health insurance has risen from about 38 million to about 52 million.

#5 According to one survey, approximately 1 out of every 4 Californians under the age of 65 has absolutely no health insurance.

#6 According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States.  Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

#7 Profits at U.S. health insurance companies increased by 56 percent during 2009.

#8 According to a report by Health Care for America Now, America’s five biggest for-profit health insurance companies ended 2009 with a combined profit of $12.2 billion.

#9 Health insurance rate increases are getting out of control.  According to the Los Angeles Times, Blue Shield of California plans to raise rates an average of 30% to 35%, and some individual policy holders could see their health insurance premiums rise by a whopping 59 percent this year alone.

#10 According to an article on the Mother Jones website, health insurance premiums for small employers in the U.S. increased 180% between 1999 and 2009.

#11 Why are c-sections on the rise?  It is because a vaginal delivery costs approximately $5,992 on average, while a c-section costs approximately $8,558 on average.

#12 Since 2003, health insurance companies have shelled out more than $42 million in state-level campaign contributions.

#13 Between 2000 and 2006, wages in the United States increased by 3.8%, but health care premiums increased by 87%.

#14 There were more than two dozen pharmaceutical companies that made over a billion dollars in profits in 2008.

#15 Each year, tens of billions of dollars is spent on pharmaceutical marketing in the United States alone.

#16 Nearly half of all Americans now use prescription drugs on a regular basis according to a CDC report that was just released. According to the report, approximately one-third of all Americans use two or more pharmaceutical drugs, and more than ten percent of all Americans use five or more prescription drugs on a regular basis.

#17 According to the CDC, approximately three quarters of a million people a year are rushed to emergency rooms in the United States because of adverse reactions to pharmaceutical drugs.

#18 The Food and Drug Administration reported 1,742 prescription drug recalls in 2009, which was a gigantic increase from 426 drug recalls in 2008.

#19 Lawyers are certainly doing their part to contribute to soaring health care costs.  According to one recent study, the medical liability system in the United States added approximately $55.6 billion to the cost of health care in 2008.

#20 According to one doctor interviewed by Fox News, “a gunshot wound to the head, chest or abdomen” will cost $13,000 at his hospital the moment the victim comes in the door, and then there will be significant additional charges depending on how bad the wound is.

#21 In America today, if you have an illness that requires intensive care for an extended period of time, it is ridiculously really easy to rack up medical bills that total over 1 million dollars.

#22 It is estimated that hospitals overcharge Americans by about 10 billion dollars every single year.

#23 One trained medical billing advocate says that over 90 percent of the medical bills that she has audited contain “gross overcharges“.

#24 It is not uncommon for insurance companies to get hospitals to knock their bills down by up to 95 percent, but if you are uninsured or you don’t know how the system works then you are out of luck.

#25 According to one recent report, Americans spend approximately twice as much as residents of other developed countries on health care.

Sadly, the pillaging of the American people only seems to be accelerating.

Whether it is as a result of Obamacare or not, health insurers have decided that this is the season to raise health insurance premiums.  Just consider the following excerpt from a recent article on Fox News….

Here is the terse reason CareFirst/Blue Cross/Blue Shield of Washington gave its subscribers for raising a monthly premium from $333 to $512 on a middle aged man who is healthy, is not a smoker and is not obese: “Your new rate reflects the overall rise in health care costs and we regret having to pass these additional costs on to you.”

512 dollars a month for health insurance for a healthy non-smoker?

Are they serious?

Apparently they are.

Things have gotten so bad that an increasing number of Americans are going outside of the country for medical care.

According to numbers released by Deloitte Consulting, a whopping 875,000 Americans were “medical tourists” in 2010.

Is there anyone out there that is not paid by the health care industry that is still willing to defend it?

Is there anyone out there that still believes that the health care industry is not just one giant money making scam?

Feel free to leave your comments below.  In particular, if you have a horror story about a health insurance company, a pharmaceutical company or the health care industry as a whole please share it with us….

Read more at The End of the American Dream



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Total 8 comments
  • macewan

    really wish the republicans weren’t such pussies during the debate. they could have at least tried helping us out instead of bitching, pissing their pants and crying on tv

  • Enigmanonymous

    I like these lists. They’re fun.

  • mynation123

    THE SOLUTION

    Everyone living in United States knows that our country is in trouble. We are headed towards civil unrest and rioting in the streets similar to what is happening in Greece and other areas of the world. 

    It is almost as if there is a dooms day scenario about to unfold and our leaders are saying run up the deficit. Who cares what our National Debt is because the world is about to end and we will never have to pay it back. 

    Let us put on our Nostradamus thinking caps! Imagine ourselves 100 years in the future looking back at the fall of the United States of America. What solutions will the Historians say that if we had implemented them could of saved us from destruction. 

    I believe that in this mindset we can easily agree that the following need to be implemented immediately. Not one or some of these solutions but all.

    1) One flat rate tax of 20% for all purchases and services in the United States. Dismantle the IRS.

    2) Debit cards must be used for all purchases in the United States. This would insure that taxes are being paid and help regulate any year end tax rebates.

    3) For every dollar spent for any new product made in the United States the purchaser would receive a 10 cent rebate at the end of the year. This would create American jobs.

    4) Any terminally diagnosed person would have an option to receive a one lump sum payment of $45,000 to go home and die with dignity as opposed to low quality life extension in a hospital at a huge cost to society. This money could be used for a spouse or to help put someone in the family thru college.

    5) Legalize all drugs. Regulate this industry. This would get rid of the drug cartels and eliminate all the senseless drug related murders. For forty years the United States has been at War with Drugs and we are still loosing. Do not condone drug usage just regulate it.

    Jim Burns
    You Tube mynation123

  • azima

    Until the US dollar collapses, health care is a steal in other countries. I paid a hundredth of what I would have paid in the US by getting state of the art care in India. Travel expenses from the US are the only significant part.

  • Gioyathlay

    An Ancient Secret? The Doctors symbol, Caducues Coil?
    Why do they wear that little symbol and what does it mean?
    In ancient times this symbol was used with shamanistic healers.
    This symbol stood for homeopathic remidies from nature, things that can mostly be found free or even better, done free.

    The symbol has a staff running up its center called HolyWood. Hmm? Yea, Ill get back to that.
    It is surrounded by two snakes facing each other representing Balance. This ancient hermetic staff was carried by shamans and priets and used in healing processes of many kinds yet the staff is just a symbol, it is not the healing power yet this staff also points towards nicola teslas work on free energy to boot. This symbol basically means everything to anyone who is sick. It is said that this symbol stands for thought controlled healing of the human form with sound/light color therapy.
    Buddhist’s and western medicine all use Crystal bowl healing techiniques along with chi energy or Reiki. This ancient healing way is learned over time simply by using the bowls, meditation on tones and also chanting proper tones.
    Why do cats purr, why do frogs churp, why do sacadas sing?
    These ways are mocked and ridiculed yet for myself i know they work from personal experience. To find the information hidden in the caduceus coil is to ask for it alike a prayer and it will simply come to you. Odd enough? Vortex Energy, standing columner wave energy, meditation, 7 chakras, reiki healing, chi healing, chi energy, mind frequencies, shamanism.. These things will teach the person seeking to heal..
    There are pills called Placebos, This means that the patient BELEIVES he is healing because the DOC sold em a SUGAR PILL…
    BELEIF is more powerful then anything out there, they know.
    They use the symbol and sell people drugs on the very theory of it and also Repeate thier disease commercials to the bird cages of the USA called living rooms. Constant repitition of things become fact when you beleive into it or its forced onto you.
    Polly wants a cracker? Polly wants Diabetes? Why do they repeate disease so much? Because its learned through reptititon.
    Children getn sicker daily.. *more tv’s in the house? Hmmm, Everyone has thier personal brain wash device nowdays and will most likely bark at me fo saying such things… This is part of the design, addiction. What would you do with out tv?
    When I quit tv i swear my iq rose about 60 points..
    TV emits Frequencies, the mind is a frequency? So does TV alter mind somehow? Hmmm…
    You might want to find out?
    I did…
    Threw TV away 6 years ago, funny, my diabetes, high blood pressure and high cholestorohl all went away spending my time meditating instead of tv. Now i feel like im 16 again and have for years because i keep meditating. Docs said to me, whats the magical cure for your illnesses? HOw did you lose weight so fast? What happend? OMG the one doctor room stood up, all of them, WHAT HAPPENED? I lost 50 some odd pounds like like 2 months… THATS FAST… I felt again… LIKE A KID!

    Take it for what its worth, This works if you DO IT.
    Telling me it does not will not effect me, I know it works, you can not tell me different. =)
    Find out foryourself if you disagree with this.. Do the work, meditate, pray for health, ask for assitance, think with love, learn about doctors and thier symbologies.. Its all in the symbol, study it…

  • Gioyathlay

    Back to HolyWood… Caducus coil, the staf running up the center is called holywood.
    Shamans beleive this symbol to stand for healing and thought controlled healing which is also another symbol for the law of attraction, Thought becomes reality so the mind/heart can alter the body. The heart has proven brain cells, 40 thousand or so, its the first gland to grow in the hukan fetis not the mind.
    The egyptian ebalming process where they can the glands.. the only gland they do not save is?? The Brain, they throw it out.
    Think with the heart, Old powerful phrase.. hear no speak no and think not evil and you shall not see it.
    These old phrases are powerful to test on your own, stop thinking your sick. Think with love onto all things everywhere always and say the words, I love you more, especially to yourself. Support yourself with pretend feelings awhile if you must.
    Funny how thought becomes reality, law of attraction, the symbol *caduceus coil and the Holywood in the center..

    Hollywood? TV? Imagry? *Here no, speak no, see no evil and you will not experience it?
    Have you ever felt like your in a tv show and someone or yourself is doing what the actors did, exactly yet the surroundings are not the same or so?
    This is from watching the tv show and Identifying with it, law of attraction did its best to create it for you.
    Notice, we already do this, its easy, its all we do, Notice this… Your heart can heal you and its more powerful then any doctor pill to ever be or ever was..
    It is a tool, it should be studied by the one self who cares to find it.
    Learn the ancient ways, its not for any one class, it is for all who choose to be healthy from sitting on thier ass relaxing and making noise with thier voice. =)
    Simple healing!
    *Never did good in writting class, sorry for any mistakes!
    Enjoy your day, because it HEALS YOU!

  • Gioyathlay

    Where do we see the most destruction? Where do we see the most negativity? Where do we see the most divorce and drinking?
    Where do we see the most anything?
    TV…
    Hear no, see no, speak no evil and you shall not experience it.

    The only way evil enters ones life is after hes been taught it, over and over and over again to fear this and that, those and these…

    Reptition… Why do old tv series play over and over?
    Ever try listenting to what they are saying backwards?
    Ever listen to the Obama *Yes we can song backwards?

    Might want to give that a try…
    So what is all this stuff??

    A feared mind is usually lower IQ, low Frequency mind.
    Again, Frequency… Like a TV has and emits into the living room.
    Jesus Christ said I am Light I am love, through me you will be saved. So, lets say Christ is LIGHT and NOT a man for a second…
    Whats this mean?
    Light comes out of TV? Light is Frequency, Light is sound and magnetics, electromagnetics, ever been electromagntically shocked by your tv? Called static? Uh-huh, ever put your hand up to the tv screen and your hair pulls towards it? Uh-huh, Magnetics… Electromagetics are basically the same as light which is sound which is what CHRIST means for us to study.. Not him the man, THE LIGHT OF ALL THINGS, ELECTRONS… SUNLIGHT… SOUND, Magnetics.. Vortexs alike tornado energy…

    Christ said, I hold the 7 stars in my hand and with them in the right hand *of god. He has the power of God basically with in him. *from being a stuent of light and love.. He is a master of the light of goodness. The 7 stars is the 7 chakra system, meditation, energy meridian healing techniques.

    Christ said, Those who sat in darkness saw the light?
    Meditation, if you keep your eyes closed enough, long enough, you can start to see things… You can leave the body and go to the stars and more… This is a natural ability of all humans that when they relax it an be found. TV takes up thoughts, the mind only operats on about 24 thoughts a second, TV in the backround alters thoughts in many ways like, how about a good son running through your head all day long.. What if you would have thought about attracting a free dinner instead? Try it?

    When there is silence, you will use the mind more and think, you can think up life.. WILL THY KINGDOM TO COME = THOUGHT BECOMES REALITY..

    If you think it, your guilty of it…

    TV = 4/5 men get this and that disease….

    Faith in getn old? Faith in getn disease?
    TV = GOD or Devil?
    Hmmmm…

    Hope this helps and again, you must do it to know it.
    There is no TRY, do, or do not, its only your life!

    =)

  • Gioyathlay

    In the bible it is said, we are supposed to act like christ so I tried..
    Ive asked in prayer to be shown the ways of christ..

    If thought can heal and its electromagnetics it should be recordable into music?

    It is…

    Try it!
    http://www.youtube.com/watch?v=x2C4mLY5I_E

    Thank you Jesus!

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