Steve Wynn very angry and pounding the desk about the economy/jobs

Discussion in 'Politics' started by retaildaytrader, Jun 1, 2010.

  1. Obama 2012!!!!!!!!!!!

    I'll be first in line at the polls:)
     
    #21     Jun 1, 2010
  2. Typical Republican dumb ass

    Asshole Wynn,yes Texas has mal practice caps.Why isn't health insurance cheaper in Texas ? Why is Texas the highest in the nation of uninsured ?

    Texas health insurance costs is comparable to every other State and they have the highest number of uninsured in the nation,so what good is tort reform if it doesn't lower insurance premiums and insure the uninsured


    Like the rest of typical selfish Republicans all you can think about is cost ,but don't give a shit about the 30 + million with no health insurance.Fuck you
     
    #22     Jun 1, 2010
  3. Texas has tort reform,yet they still have some of the highest insurance premiums in the country.The health insurance/big business controlled Republican congress tells their dumb ass supporters that tort reform is the answer for health reform in America and will lower cost and dumb ass Republican voters believe them

    [​IMG]
     
    #23     Jun 1, 2010
  4. Texas has tort reform,yet they still have some of the highest insurance premiums in the country.The health insurance/big business controlled Republican congress tells their dumb ass supporters that tort reform is the answer for health reform in America and will lower cost and dumb ass Republican voters believe them
    -----------------------------------------

    Obama himself said tort reform was a fight he didn't want to start.

    Now why would he say something like that?

    Secondly, if the benefits of tort reform were marginal, why not go there anyways. Obama is looking to cut costs, penny here penny there adds up.
     
    #24     Jun 1, 2010


  5. Trail lawyers support Democrats.Why piss them off for something that wont lower the publics health insurance costs or decrease the number of uninsured
     
    #25     Jun 1, 2010
  6. The benefits are not even marginal for the public,just more profits for the insurance companies
     
    #26     Jun 1, 2010
  7. For All you Republicans arguing for tort reform


    http://www.cleveland.com/open/index.ssf/2010/03/ohios_tort_reform_law_hasnt_lo.html

    Ohio's tort reform law hasn't lowered health-care costs



    By Stephen Koff, The Plain Dealer
    March 20, 2010, 6:58AM

    WASHINGTON, D.C. - As the House of Representatives prepares to vote Sunday on a package that Democrats say will make health care more affordable, critics insist the "big government takeover of health care" is not only unwarranted, but that a part of the solution is so obvious it's a crime Democrats failed to embrace it.

    It's called tort reform, or putting the brakes on junk lawsuits. If doctors and hospitals don't need to worry about defending themselves against baseless malpractice lawsuits, they'll stop ordering needless, duplicative tests and halt the practice of defensive medicine, Republican congressional leaders say. It's an easy and necessary way to bring down costs for all Americans, they say.

    The problem is, Ohio has already taken that step, as have many other states. Yet five years after a difficult but successful fight in Columbus to pass tort reform, health-care costs in the state have not gone down. And health policy analysts say it may not be possible to say whether costs would have spiked even higher had Ohio not passed lawsuit reform.

    Costs climbed even after the legislature limited the size of jury verdicts for pain and suffering to $250,000 except in catastrophic cases, restricted punitive damages, and made it tougher to take a case to trial. In 2004, the year Ohio passed lawsuit liability reform, average premiums for employer-based family health plans were $9,590, according to data from the nonpartisan Kaiser Family Foundation. By 2008, average family premiums were $11,425.

    This means that four years after the state passed reform, health insurance for Ohio families in employer plans had gone up by 19 percent.

    That compared with a national average rise of nearly 22 percent during that time.

    While Ohio's cost hike was smaller, too many other factors go into health-care spending to conclude that the limits on lawsuits accounted for that difference, policy analysts say. The American Association for Justice, a trade group that represents trial lawyers, notes with the same data that while health insurance premiums in Ohio rose more slowly than the national average, the Ohio pace still outstripped the hikes in neighboring Kentucky.

    And Kentucky did not put caps in malpractice verdicts, so tort reform could not explain its savings.

    That's not to say that by limiting lawsuits against doctors and hospitals, the Ohio legislature did not make any dent. Malpractice insurance premiums for doctors have dropped on average by 22 percent since 2006, according to the Ohio Department of Insurance.

    Explanations for that vary. The trial lawyers' lobby says the main reason liability premiums spiked in the first place was because of a big downturn in the stock market, requiring high premiums to shore up insurance reserves. The medical industry counters that a wave of malpractice suits drove up the premiums.

    Regardless, tort reform in Ohio has reduced the number and size of malpractice cases. In 2005, 5,051 claims were filed against doctors and hospitals. By 2008, the number dropped by 39 percent, a decline that the Ohio State Medical Association attributes to lawsuit reforms.

    Doctors and hospitals have testified in Washington that when they fear being sued, they practice "defensive medicine." They say they order expensive diagnostic tests and screenings, such as computed tomography or CT scans, when a simple x-ray might do because they don't want to risk a lawsuit.

    So when they no longer have that fear, medical industry spokesmen say, doctors no longer have to practice defensively.

    "No one can argue that tort reform in Ohio hasn't brought down the practice of defensive medicine," said Jason Koma, spokesman for the Ohio State Medical Association, which represents doctors and other health care providers.

    But health care costs nevertheless keep rising. Whether their growth rate has slowed -- and whether care in Ohio would cost more had it not been for liability reform -- is difficult for researchers to pinpoint.

    "I'm not aware of any analysis or study or anything empirical that does that," said Doug Anderson, chief policy officer for the Ohio Department of Insurance. National organizations that study health-care spending, including the Kaiser Family Foundation, say the same.

    One reason for that is the lack of uniform, up-to-date data on private-sector health spending in every state. Spending figures for Medicare, the government's insurance program for seniors, are available for as recently as 2006, and show that Ohio's per-enrollee reimbursement for medical care was $8,249, barely below the national average of $8,304.

    But malpractice suits can take several years before verdicts are reached or judges dismiss the claims, so the 2006 Medicare figures are believed to show little if any impact from Ohio's tort reforms.

    One of the best examples of why it is so difficult to identify savings from tort reform -- and why blaming lawsuits misses other components of health spending -- was cited by William Hayes, president of the Health Policy Institute of Ohio. Hayes pointed to data from the Dartmouth Institute for Health Policy and Clinical Practice, which found that Medicare spending per-enrollee in 2006 was $8,377 in Cleveland, $8,153 in Akron, $7,930 in Dayton -- and a stunning $9,612 in Elyria.

    How to account for that 15 percent difference over the course of the 30 miles separating Cleveland and Elyria?

    One theory cited in the New England Journal of Medicine is that in areas with a lot of doctors, hospitals and testing equipment, patients are more likely to be referred for treatment or tests, especially if their diagnoses fall within a gray area. The New York Times noted earlier that in Elyria, an abnormally high number of angioplasty procedures, which involve enlarging an artery with a balloon and inserting a stent to keep the artery open, were being performed. And, said the Times, "nearly all the procedures at the Elyria hospital are performed by a group of cardiologists who dominate coronary care in this city and have an unabashed enthusiasm for angioplasties, the highly profitable procedure in which they specialize."

    Similar theories for wild health-care spending have been cited in Texas, a state that had tort reform similar to Ohio's -- and has some of the highest-cost cities in the country when measured for Medicare spending.

    "So states that set limits on suing may only be able to go so far," said Hayes.

    This is not to discount entirely the relationship between lawsuits and medical costs.

    The nonpartisan Congressional Budget Office in October told U.S. Sen. Orrin Hatch, a Utah Republican who favors tort reform, that if caps on civil damages were imposed nationwide, it could reduce national health care spending by about $11 billion a year. Because the government pays a large share of that, nationwide liability reform could cut the federal deficit by $54 billion over 10 years, the CBO said.

    "From our perspective, tort reforms do have an impact on lowering health insurance costs, and should be a part of the discussion," said Tim Maglione, senior director for government relations at the Ohio State Medical Association. "And not according to us but according to the CBO, it can result in savings of $54 billion over 10 years."

    But spending on health care is so much greater than that, and 35 states already limit lawsuits in some way. So those billions, while substantial, would shave only about 0.5 percent off health-care spending nationwide, the CBO said.

    That's not enough to bring down spending anywhere near where economists say it should be. Health-care spending already accounts for one sixth of the nation's economy.

    "Assuming that the CBO is accurate, or even if they're off by 100 percent, it still is less than 1 percent of the total cost of the health-care system," said Dennis Mulvihill, a Cleveland trial attorney and president-elect of the Ohio Association for Justice.

    President Barack Obama, who came to Strongsville last week to promote his health-care reform package, has already announced that $23 million in grants will be awarded "in the near future" for states that want to work on alternatives to going to court over medical disputes. Obama told bipartisan congressional leaders on March 2 that he would expand that to $50 million if Congress will support it.

    But he made clear that he does not believe nationwide tort reform will solve the cost problem. Nor will it automatically make health insurance more affordable for Americans, experts say.

    "And that's why I think tort reform is not a single panacea," said Hayes. "I think it will help on provider insurance rates more than consumer insurance rates."
     
    #27     Jun 1, 2010
  8. Hello

    Hello

    Of course you will, every single time it is shown what an idiot Obama is you keep on announcing this to the world as if it is some thing new. He is not worried about losing your vote, he could take a shit in a hot dog bun and call it a hot dog and you would lap it up and beg for seconds.

    Some day 5-10 years from now when you graduate highschool and your parents force you to move out of their basement, and you start looking for a job, and cant find one you will realise that what Steve Wynn is saying is true.
     
    #28     Jun 2, 2010
  9. Hello

    Hello

    Do you really believe anything in the healthcare bill will actually help bring down costs? why do you think insurance companies raised their premiums right in the middle of the debate? They saw the writing was on the wall and they prepared in advance, healthcare costs are going to skyrocket under this bill, steve wynn was exactly right, and i have said it here before, you can not increase demand, and decrease supply and lower the cost of something.
     
    #29     Jun 2, 2010
  10. achilles28

    achilles28

    He's a Vet that fought for his Country. His rage is understandable.

    People that aren't enraged have no idea how bad things are about to get. None. This is not a few down years, then it's whistling Dixie. America is about to go 2nd world.
     
    #30     Jun 2, 2010