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What is the biggest scam in human history? (by Sparky)

 Sparky (0)  (29 / M-F / Massachusetts)
21-Apr-15 2:40 am
What is the biggest scam in human history?

Source.

 

 

 
 
 WalkSoftly 
21-Apr-15 3:41 am
I hate to be a broken record....but from "We have to pass the bill to see whats in it" to "If you like your doctor you can keep your doctor"....theres now this......

"" During the 2008 financial crisis, “too
big to fail” became a familiar phrase
in the U.S. financial system. Now the
U.S. health-care system is heading
down the same path with a record
number of hospital mergers and
acquisitions—95 last year—some
creating regional monopolies that, as
in all monopolies, will likely result in
higher prices from decreased
competition.

Health-care conglomeration aligns
with the Affordable Care Act, which
created incentives for physicians and
hospitals to work together in
“accountable care organizations.” But
an important and often forgotten
prerequisite for this model is hospital
competition.
Some see the dangers. In a rare
move, Massachusetts Superior Court
Judge Janet Sanders recently blocked
Partners HealthCare—Harvard’s
affiliated 10-hospital conglomerate
and Massachusetts’ largest private
employer—from acquiring three
competitor hospitals. Judge Sanders
argued that the expansion “would
cement Partners’ already strong
position in the health-care market
and give it the ability, because of this
market muscle, to exact higher
prices.” This threat is even greater in
rural areas where one hospital is
often the only provider.

Today’s frenzy of hospital mergers
and physician practice acquisitions is
giving hospital systems even greater
leverage to inflate opaque “charge-
master” medical bills that even
hospitals are sometimes unable to
itemize sensibly. With no mechanism
to allow free-market forces to keep
prices in check, this translates into
higher health-insurance deductibles
and copays for insured Americans,
and in the case of Medicare and
Medicaid, higher taxes.

A study of more than 150 hospital-
owned and physician-owned
organizations published last October
in the Journal of the American
Medical Association found that
patient costs are 19.8% higher for
physician groups in multi-hospital
systems compared with physician-
owned organizations.""
Link.

We've been bamboozled! Hoodwinked! Run
Amok! We didn't land on Plymouth Rock!
Plymouth Rock landed on us!

 

 

 
 
 rulost2 (35)     (54 / M-F / Mississippi)
21-Apr-15 5:44 am
Ponzi " pyramid " scheme
In 1920 charles ponzi cheated investors out of millions on a posted stamp speculation scheme

 

 

 
 
 BigPapaRedneck (11)       (47 / M-F / Kansas)
21-Apr-15 6:23 am
Movie theaters. Not only am I NOT gonna drop seven bucks to see a movie, I refuse to pay a five spot for M&Ms, four bucks for a Coke, and six and a half bucks for popcorn with fakeass butter flavor.

 

 

 
 
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