“According to the FDA, more than 2 million serious adverse drug reactions occur each year, and adverse drug reactions are the fourth-leading cause of death, responsible for about 100,000 deaths each year.” – USA Today, March 19, 2008.
Due to the current rapidly evolving global economy, as a nation we are now experiencing an ever-increasing threat to our industry. Our pay scale is considerably higher than that of most developing countries, and due to the rapidly increasing cost of employees’ healthcare, we are losing our competitive advantage. Then, as third world countries continue developing their technology, that threat will just escalate, and thus must be addressed. If not, and if the current trend is allowed to continue, our economy will decline each year, until the problem is finally resolved.
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The American Healthcare System is pandemic in fraud and that needs to be taken care of first before we can save real money in the system. We could save multi-billions if the system was revamped and the opportunity for easy money was eliminated. I know what a debacle our healthcare system is in, I spent months preparing my company for Medicaid and Medicare approval. It reminds me of taking a dry towel every 5 minutes to dry off when you’re standing in the rain. There seems to be no end to redundancy and complexity. A system in complete dissaray and bleeding profusely.
I know this as a fact since I spent months getting the necessary requirements for my companies approval for Medicaid and Medicare. Just to get the process started you have to get approved and checked by no less than three clearing-houses. What a nightmare.
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