One reason Health Care Costs are astronomically high is because of insurance. The Doctors and Hospitols are going to get theirs because the Insurance will pay up. There is little incentive to keep costs in check.
The costs of higher education is soaring because of the student loans. The Universities can keep going up and up on the costs because they know the money is guaranteed. They have no incentive to cut cost.
Another item of commonality is results. A person can go into a Hospitol to get cured but and still come out dead. The Hospitol still gets paid.
A person can take out $100,000 worth of Stevens Loans , get a Degree , and still not be employed. The University gets theirs.
Of course, no Insurance and no Student Loans means fewer people can go to the Doctor, and fewer people can get a College Degree.
No easy answers.
Originally Posted by Jackie S
There's a lot in the above distorting the facts and assigning "cause and effect" that isn't really supported in reality.
If one examines the notices from one's health insurance carriers, one notices that the doctors and hospitals don't receive what is billed to the carriers. In fact a reasonable guess is 30% on the average, and the "balance" is not covered by the patient, because the MEDICAL providers contracted with the carrier to accept the payment they compute AS FULL PAYMENT.
As for "colleges" and "student loans," one has to examine the "overhead" obligations to the college/university to determine what is actually driving up education costs (and I am "assuming" you are talking about secondary education). The highest slice of the pie goes to personnel/staff/teachers/professors. The next is technology, DEPENDING UPON THE RETIREMENT PROGRAMS SET UP, and if driven by the state's oversight, then the retirement plans can overrun annual personnel expenses.
There are a lot of grants and scholarships available to qualified students and work-study programs that provide living expenses, instructional materials, and tuition. In addition different colleges/universities have state and federal funding for programs on campus, private donations, and taxes. There are many students who graduate with NO LOANS TO PAY and it wasn't "Daddy's" or "Mommy's" money either.
THE PROBLEM is: If one wants to take advantage of sports, scholarships, work-study programs, and part-time employment to EARN their way through college, then one must begin that process along about the 1st grade!!!!