Wednesday, 19 October 2016

Medical industry is designed to exploit 'fear' and 'ignorance'

Below are views of one patient's experience with a hospital and doctor.

1. Medical industry (hospitals, pharmaceutical companies, doctors, etc.,) is designed to exploit 'fear' and 'ignorance' of patients.

2. Corporate hospitals are focused on bottom-line while doctors have to recover the huge cost they incurred for the cost of their education.

3. How do patients generally choose a hospital or doctor?

a. One that is closest
b. One that is reputed or advertises most
c. Word of mouth from friends/relatives

4. Many emergencies involve cardiologist or neurologist or both.

5. Hospital charged 100% more for the stent compared to the wholesale price. So, the 50% out of 100 is for the doctors/hospital.

The doctor  prescribed Rs. 50 medicine while he could have prescribed Rs. 5 medicine.

https://balablogsdotcom.wordpress.com/2016/10/19/medical-emergencies-from-moneylife/?curator=alphaideas&utm_source=alphaideas


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