Cabin's journal of buys, sells, and covered calls...
- Thread starter Cabin111
- Start date
So there you have it, If an MRI setup in a hospital costs 1 million bux (considering all the ancillary costs), and you charge each patient 5000 bux per session, 200 sessions will pay the machine off. If you do TWO sessions per day, the hospital pays it off in 4 months.
Everything after that is profit. It is CRIMINAL!
Don't bring your healthcare problems down here to the US "EH"...Go back to your mum and cry about it!!
And take your toque with you too...
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Both are true.
There is no real answers on how to handle healthcare in developed countries because how do we price the value of life?
In Canada it is rationing. In Canada, Australia..., the Government budgeted a certain amount for healthcare and set up a system that prioritized who get to be treated first. When the budget is reached, you wait until next year.
In the US, you get the best care in the world if you can afford it.
Let me give you my personal experience: We are in the middle of cancer treatment, we went through three different drugs, each costs > $300K a year, copay is $20K a year with insurance. It has been 3 and a half years, easily over $1M not counting the service of the comprehensive cancer center, which added a few more $100K totaled. Few can afford it without insurance.
I asked the finance department of the Cancer Center the what if's: What if patient has no insurance, what if patient cannot afford the copay... The answer: We never turned down any patient of ours for treatment because of affordability as we could usually find a way, medicaid, waving copay, donation and manufacturer's compassionate drug program, etc. She said the toughest case would be a middle class family on the bubble, over the limit for aid but cannot afford the copay.
The Canadian system is very different. There are few options. A year ago, a good friend from Calgary, a medical doctor no less, was diagnosed with the same cancer, for some reasons, only received standard treatment, passed away in a few months. Brother in law from Toronto, took him 6 months, due to waiting for appointments and tests, to finally got a scheduled oncologist to treat his bladder cancer. By then the cancer spread. At the time Immunotherapy for bladder cancer was just approved in Canada, but they considered him not a candidate. He passed away after two years using standard chemo.
If I have advanced non curable cancer and want to live, the US is a better choice.
Perhaps Singapore has the best answer?
Like I said, if you want to remain ignorant, you deserve the system you have. For all the resources the US has, it's incredible how willfully ignorant many of you are on these social topics. Expensive health care, high crime rates, higher then needed poverty levels. These are all choices you the American public has made.
Enjoy whatever premiums you are paying. Save a thought for the significant number of Americans who aren't adequately covered for medical emergencies. Some go bankrupt in those situations and others desperately look for help online from strangers. Others just don't get cared for at all because they can't afford it; I suppose some of those would have to wait in Canada but waiting is better then never.
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Coolest thing that never happened.
US:
The median time from diagnosis to initiation of chemoradiation was 28 days (IQR 19–41), and the median time from diagnosis to surgery in patients receiving primary surgical treatment was 23 days (12–40) for all hospitals. FIGURE 2: Median time from diagnosis to first treatment by hospital type.
Canada:
The median wait time from diagnosis to the start of chemotherapy in Canada is 32 days, with 47% of patients starting treatment within 28 days. Radiotherapy at 49.0 days
The median time from diagnosis to initiation of chemoradiation was 28 days (IQR 19–41), and the median time from diagnosis to surgery in patients receiving primary surgical treatment was 23 days (12–40) for all hospitals. FIGURE 2: Median time from diagnosis to first treatment by hospital type.
Canada:
The median wait time from diagnosis to the start of chemotherapy in Canada is 32 days, with 47% of patients starting treatment within 28 days. Radiotherapy at 49.0 days