posted on Apr, 13 2014 @ 05:55 PM
Simple. Because they did not have to pay for the research and development, they have no QA so you risk contaminated medicine, and there is no recourse
and no lawsuits if you have a bad reaction. If you want all of these safeguards, it will increase cost. IF you are willing to accept more risk and
less accountability, then it will be cheaper, but I know that those who cry about evil corporations do not want to accept more risk for a cheaper
product. It is just hyperbole.
Medical Malpractice Lawsuits account for very little of the costs in Healthcare.
The direct cost related to medical malpractice accounts for only 2% of health-care costs, so medical malpractice already accounts for a very small
According to the actuarial consulting firm Towers Perrin, medical malpractice tort costs were $30.4 billion in 2007, the last year for which data are
available. We have a more than a $2 trillion health care system. That puts litigation costs and malpractice insurance at 1 to 1.5 percent of total
medical costs. That’s a rounding error. Liability isn’t even the tail on the cost dog. It’s the hair on the end of the tail.
Study after study shows that costs associated with malpractice lawsuits make up 1% to 2% of the nation's $2.5 trillion annual health-care bill and
that tort reform would barely make a dent in the total.
Healthcare, Big Pharma and Investors want to keep their inflated salaries at a time when American's are taking paycuts and stagnate wages thanks to
Investor and Corporate Greed from their Globalist Utopia Bought and Paid for Policies, and they want everyone to prop them up.