Another cause for rising medical costs
The "reform" movement likes to pretend that medical malpractice costs are what's causing our health care costs to rise so dramatically. Those of us who push the truth instead of corporate propaganda realize that the actual cost of medical malpractice are fully informed about the facts understand that medical malpractice costs make up somewhere from .5 percent to a few percent of our healthcare spending. So what is behind the increase in healthcare costs? Perhaps it's the onslaught of expensive new drugs:
The number of people obtaining a prescription for a statin nearly doubled, from 15.8 milllion to 29.7 million. Looked at another way, the number of outpatient scrips rose to nearly 174 million from about 90 million.
Along with the usage, the register rang innumerable times - spending jumped during that period to $19.7 billion from $7.7 billion. Each individual spent $484 a year, on average, to lower their cholesterol in 2000, and that rose to $661 by 2005.
In fact, it appears that the cost of all medical malpractice is only about 1.5 times what we spend on just the statin class of drugs. And who knows - maybe next year we'll spend more on statins than we do on malpractice.