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