U.S. FDA approves first rapid coronavirus test with 45 minutes detection time

[bristolboy]

3 minutes ago, rabas said:

Maybe he feels, as I do, that America's $4 TRILLION per year big health industry should be pulling their share of the load. Of course it wasn't that big before Barack ACA Obama's reign.

The ACA's major provisions went into effect in 2014. In 2013 the health care industry was 17.2 percent of the American economy. In 2016, the year the ACA was highest it was 18%. It then started to decline despite states, including Republican ones, adding Medicaid coverage for low income Americans. 

[Langsuan Man]

Personally, I think that the US priorities are all wrong and are just corporate welfare in disguise. For instance: 

 

Quote

Military Spending in the United States. In fiscal year 2015, military spending is projected to account for 54 percent of all federal discretionary spending, a total of $598.5 billion.

source: www.nationalpriorities.org 

[rabas]

4 minutes ago, bristolboy said:

The ACA's major provisions went into effect in 2014. In 2013 the health care industry was 17.2 percent of the American economy. In 2016, the year the ACA was highest it was 18%. It then started to decline despite states, including Republican ones, adding Medicaid coverage for low income Americans. 

Again you evade, US big health spending was $2.4 trillion when Obama stepped up to the plate (or should I say trough).

[lannarebirth]

4 minutes ago, bristolboy said:

The ACA's major provisions went into effect in 2014. In 2013 the health care industry was 17.2 percent of the American economy. In 2016, the year the ACA was highest it was 18%. It then started to decline despite states, including Republican ones, adding Medicaid coverage for low income Americans. 

I spent $24,800 last year on healthcare insurance that neither my wife or myself used. Is our not using it good for GDP (profits for insurer) or bad for GDP (that we didn't spend an addition $6,500 each in deductibles plus copays)? It occurs to me that sickness is good for GDP. Not pandemic sickness, but just your average complaints.

 

[bristolboy]

10 minutes ago, rabas said:

Again you evade, US big health spending was $2.4 trillion when Obama stepped up to the plate (or should I say trough).

Really? Evading the question. What's relevant is what percentage of the economy it is. Not the absolute number. And the fact is that as a percentage it's changed little and a lot more people are getting covered.

[lannarebirth]

14 minutes ago, rabas said:

Again you evade, US big health spending was $2.4 trillion when Obama stepped up to the plate (or should I say trough).

You only have to look at the stock charts of most US healthcare insurers. Until this latest market collapse, most were up about 1,000% over the course of this past 10 years since the introduction of Obamacare.

[bristolboy]

The stock market is no way to judge the profitability of an industry.

6 minutes ago, lannarebirth said:

You only have to look at the stock charts of most US healthcare insurers. Until this latest market collapse, most were up about 1,000% over the course of this past 10 years since the introduction of Obamacare.

And much of the latest increase in net premiums comes from the Trump adminstration loosening the rules for Medicare Advantage. And allowing sleaxy insurance companies to offer junk health plans.

[lannarebirth]

5 minutes ago, bristolboy said:

The stock market is no way to judge the profitability of an industry.

And much of the latest increase in net premiums comes from the Trump adminstration loosening the rules for Medicare Advantage. And allowing sleaxy insurance companies to offer junk health plans.

 

Sadly, where I live there is 1 healthplan to choose from and that precedes Trump.

[lannarebirth]

1 minute ago, lannarebirth said:

 

Sadly, where I live there is 1 healthplan to choose from and that precedes Trump.

 

1 minute ago, lannarebirth said:

 

Sadly, where I live there is 1 healthplan to choose from and that precedes Trump.

 

But seriously, check out a few charts of some major healthcare insurers like Molina (MOH) and United Healthcare (UNH). Note the increases and from where they come from.

[bristolboy]

33 minutes ago, lannarebirth said:

 

 

But seriously, check out a few charts of some major healthcare insurers like Molina (MOH) and United Healthcare (UNH). Note the increases and from where they come from.

Why cherry pick? The numbers are clear. 

[Eric Loh]

On 3/22/2020 at 7:31 AM, bkk6060 said:

Of course.

Just like most modern day technologies and medical advances, the US will be at the forefront of this.

Vaccine will be next.

You are welcome.

 

Well let’s include the tremendous research done by other universities around the world including Nankai University in Tianjin which has developed a fast on-site screening and detection in just 15 minutes in February. 

[lannarebirth]

23 minutes ago, bristolboy said:

Why cherry pick? The numbers are clear. 

OK, you pick some.

 

[lannarebirth]

OK, you pick some. Try Aetna next. Then Anthem, the largest BC/BS insurer. They are both major insurers. Do you see a pattern yet?

Edited March 23, 2020 by lannarebirth

[sukhumvitneon]

1 hour ago, Langsuan Man said:

Personally, I think that the US priorities are all wrong and are just corporate welfare in disguise. For instance: 

 

source: www.nationalpriorities.org 

It is corporate welfare (and welfare for Israel, which has free healthcare) and it's not even being disguised at this point

[bristolboy]

13 minutes ago, lannarebirth said:

OK, you pick some. Try Aetna next. Then Anthem, the largest BC/BS insurer. They are both major insurers. Do you see a pattern yet?

Why pick any when you can get the relevant information in one go?

[lannarebirth]

6 minutes ago, bristolboy said:

Why pick any when you can get the relevant information in one go?

 

Frankly, I don't believe your data , as the companies i showed you control a major portion of the market. I can show you more. You'd have to show me a number of companies that lost money during the same period to make the numbers you presented square.

Edited March 23, 2020 by lannarebirth

[bristolboy]

3 minutes ago, lannarebirth said:

Frankly, I don't believe your data , as the companies i showed you control a major portion of the market. I can show you more. You'd have to show me a number of companies that lost money during the same period to make the numbers you presented square.

So can you show me a list of health insurance companies with the total of their net bookings that amount to more than than the number I cited? And keep in mind that any figures should not include profits made on investments.

[lannarebirth]

2 minutes ago, bristolboy said:

So can you show me a list of health insurance companies with the total of their net bookings that amount to more than than the number I cited? And keep in mind that any figures should not include profits made on investments.

 

I could show you my $2,100/mo crappy healthcare insurance bill, but I'm sure you wouldn' be convinced, because I know you love data and eschew aecdotal evidence. Still I'm going to give you an anecdote which was the best advice I ever got.

 

My first job out of the maritime academy.  I'm 3rd Officer on the Alaska Ferry running up through the Inside Passage to Alaska. My first watch I'm the watch officer as we transit a narrows against a 6 knot current with the bow swinging 30 degrees in each direction. There is a downbound ship transiting the narrows at the same time with it's bow swinging similarlrly. Out of an abundance of caution I'm punching bearings and distances into the collision avoidance system, I'm checking the fathiometer, I've got my head buried in the radar. That's about the time tha Master came up from behind and clipped me in the back of the head and asked why the hell I wasn't looking out the window.  He was so right, and I never forgot it. Or, as Yogi Berra said, "You can see a lot, just by looking".

[bristolboy]

2 minutes ago, lannarebirth said:

 

I could show you my $2,100/mo crappy healthcare insurance bill, but I'm sure you wouldn' be convinced, because I know you love data and eschew aecdotal evidence. Still I'm going to give you an anecdote which was the best advice I ever got.

 

My first job out of the maritime academy.  I'm 3rd Officer on the Alaska Ferry running up through the Inside Passage to Alaska. My first watch I'm the watch officer as we transit a narrows against a 6 knot current with the bow swinging 30 degrees in each direction. There is a downbound ship transiting the narrows at the same time with it's bow swinging similarlrly. Out of an abundance of caution I'm punching bearings and distances into the collision avoidance system, I'm checking the fathiometer, I've got my head buried in the radar. That's about the time tha Master came up from behind and clipped me in the back of the head and asked why the hell I wasn't looking out the window.  He was so right, and I never forgot it. Or, as Yogi Berra said, "You can see a lot, just by looking".

I'd say it's a sure thing that your crappy health insurance bill would be a lot less not only if Republicans hadn't done everything in their power to stop any improvements to Obamacare but also if they hadn't tried their hardest to make it worse.