THE REALITY OF INFLATION

1933

Today
Image result for hospital bill for baby

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john
john
November 27, 2018 3:05 pm

End the Fed……….and build the wall

MrLiberty
MrLiberty
November 27, 2018 3:11 pm

The receipts for my delivery by C-section and mom’s couple of day stay were only around $650 in 1964. Indeed, End the Fed and set up a guillotine.

javelin
javelin
  MrLiberty
November 28, 2018 7:49 am

The bill also appears to be a C-section. Epidurals don’t cost $40k–but the cost is still thievery. It is a strange game between medical billing and the insurance companies.

RiNS
RiNS
November 27, 2018 3:47 pm

The most important line item on bill is..

The rules of the Hospital require payment in Advance

What other transaction do customers enter into not knowing how much they will pay.
comment image

The game is lopsided because the normal market rules do not apply…

Grog
Grog
  RiNS
November 27, 2018 5:39 pm

“What other transaction do customers enter into not knowing how much they will pay.” (or receive)

US Citizenship?

Aquapura
Aquapura
November 27, 2018 3:58 pm

Yes, inflation has played a role in the increase as medical care is something that surely cannot be outsourced. That being said per the CPI inflation calculator that 68.50 in 1933 should only be $1,382.84 today, not $103k! No, we’re being robbed as there is no anti-trust enforcement of the industry. It’s the only service I know of where you get charged a rate based on what you can afford – or more truthfully what “insurance” you can afford. Give us a true free market in health care and I’ll gladly pay $1,400 for a hospital birth – out of pocket – without insurance.

This is not a FED issue or an inflation issue, it’s a MEDICAL COST issue.

card802
card802
November 27, 2018 4:13 pm

Not just inflation but insurance, the unaffordable health care act and lobbyist.

Try to tell a kid today that back in the 80’s a birth was $2,400.00 and that included three nights and a candlelight meal for two. We had to pay the delivering doctor $600 in cash or check before the second trimester, our BCBS major medical took care of 80% of the hospital bill.

Kids today think insurance should pay for everything down to a foot massage later on, not comprehending that all you are doing is giving your money to an insurance company and they give your money to the hospital, for a fee of course……..idiots!

Overthecliff
Overthecliff
November 27, 2018 5:16 pm

1969 total bill for pre natal care and hospital delivery an 2 day stay, $135.00. I don’t think you could get the same care today for $20,000. You could buy a new car for $3,000 today $30,000. Yup it’s the Fed with a little help from crony capitalism.

wdg
wdg
November 27, 2018 6:51 pm

Medical care in the US is now delivered by a National Criminal Medical Syndicate. Doctors have sold their soul to the highest bidder and are now little more than drug pushers for Big Phama which has taken over the American Medical Association. All doctors, even the shrinking number of decent doctors out there, will pay a very high price for allowing trust in the medical profession to be destroyed. Once regarded as the pillars of society, they have been reduced to the level of a used car salesman or a back street drug pusher.

Iska Waran
Iska Waran
  wdg
November 27, 2018 8:13 pm

Doctors used to be well-paid. Now even more so, but the big change is health “insurance”. It barely even meets the definition of insurance. They’re just a pass-through for the cost of foreseeable expenses. It’s like having gasoline insurance for your car. (I know the leftists don’t want anyone to own a car, but forget about that for now and work with me.)

The price of gas would change from $3/gallon to $20, insurance would pretend to pay $18 (and really negotiate about $4 with the gas stations), you’d pay $2/gallon as your “deductible” plus $500/month for “gas insurance” to the insurance company. Left wing consumer advocates would demand that the government subsidize gas insurance – since “transportation is a right”.

Of course, if you didn’t have gas insurance, the price would be $20/gallon. Maybe you could negotiate $12 if you planned in advance exactly when you’d be on the cusp of running out.

The biggest company in my state is United Health Group. The only product they produce is junk mail: Explanations Of Benefits that say: “This is not a bill”. (This is where we tell you what we pretend we paid on your behalf.)

card802
card802
November 27, 2018 7:15 pm

My grandson just had a laser tonsillectomy, $8,000.00 of which they paid $1,600.00 and insurance kicked in the rest.
$8,000.00 freaking dollars and it took 20 minutes, the time in the waiting room was 40 min.

People confuse health insurance for health care.

Iska Waran
Iska Waran
  card802
November 27, 2018 8:25 pm

Insurance didn’t “kick in the rest”. Insurance companies aren’t stupid enough to allow a charge of $8,000 for a minor surgery like that. They probably negotiated a total charge of about $3,200. Your grandson paid $1,600 and the insurance company probably paid around the same amount. Your grandson thought he paid 20% of the cost when he’d really paid half. The $8,000 phony bill only exists to scare people into buying outrageously expensive insurance. Mansions for insurance executives arent cheap.

card802
card802
  Iska Waran
November 28, 2018 8:51 am

Good point.

robert h siddell jr
robert h siddell jr
November 27, 2018 8:27 pm

That $100,000 bill paid for about 25 minority babies because the unwed mothers living on the Breeder Plantations can’t pay. They have 5-6 babies in their lives and should admit they are Welfare Pigs because they greedily gobble up all the free slop the government gives them; and they should be required to fly the Beautiful Antebellum Flag over those Plantations!

Skindog
Skindog
November 27, 2018 9:50 pm

The truth hurts – don’t it .

Big Ed
Big Ed
November 27, 2018 10:51 pm

The medical world-the biggest, cruelist, most cooked racket ever devised by psyco politicians and souless politicians..May they all rot in Hell.

Warren
Warren
November 28, 2018 12:58 am

Did you notice the 1933 bill was for 12 days in the Hospital? The 2018 bill was for prob 2 days, 3 at the most.

ordo ab chao
ordo ab chao
November 28, 2018 3:42 am

Our insurance premium is right at $400 per month. That comes with a $7500 annual deductible before one nickel is paid. In mid-July of this year, a heart attack sent me on a 60 mile ambulance ride, two stents in one hospital by one cardiologist, transfer to a second hospital and a quadruple bypass. Admitted on 7-6; discharged on 7-13 (a Friday, and the very next morning my brother-in-law was dead in his bed of a heart attack); the total bills have reached $356,000……….??????? Plus, it has been a nightmare trying to get the hospital records updated to get the bills sent to the right damn ins. company-they had an address, and insurance company, from almost 40 years earlier, and I have NEVER BEEN in that hospital before !?

Dennis
Dennis
  ordo ab chao
November 28, 2018 7:41 am

You can get an Off-Pump CABG operation at the Bangkok Cardiac Hospital for approximately $16,500-19,500US which includes 8 nights in the hospital. That price is good until December 31, 2018. About 6 years ago I felt numbness in my left arm after exercise and decided to get the top end cardiac screening exam. Two coronary arteries were 90% blocked so I got 2 stents for less than $14,000. The two stents (from US) cost $7500, the remaining cost included the initial screening, all doctor and nursing care, one night in CCU and 3 in a private room. My follow up cardiologist visits were about $30 (now up to $45). You have to pay prior to surgery. As I was leaving the hospital after the procedure I joked to my wife that I felt like I should have left a tip. I have been retired in Thailand for 10 years and have not wasted one cent for health insurance.

ordo ab chao
ordo ab chao
  Dennis
November 28, 2018 8:41 am

Wow ! My brother in law that died was named Dennis. He had been retired for two months, had moved his mother in with him eleven years ago when my father in law passed. Dennis had now will, and under intestate law, his two estranged sons inherited everything and sent an eviction notice to their own grandmother, which she rec’d when returning home from the hospital (she is 85, and had collapsed when she found her son dead in his bed downstairs…….). We took our life savings and bought a little two bedroom one block from our house, I took about 30 days to remodel it, which was my cardiac rehab…….ah, the love of money !

javelin
javelin
November 28, 2018 7:44 am

Both of my daughters were born at home–I know that sounds nuts to most “modern”minds. My wife, who is an RN also did some mid-wifing for Amish community births here in Southern Maryland ( Mennonites also).

Cost was a few hundred bucks for a midwife, nurse asst and no fuss, no muss.