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Medical Costs

CALIFORNIA | LOCAL
December 23, 1988
I would like to comment on your editorial "Medical Costs: Out of Sight" (Dec. 1) concerning the high cost of medical care. Recently, a friend of mine who had never been sick in his life, was stricken with a painful attack of diverticulitis. He had to be confined to a hospital bed for 36 hours while being treated with antibiotics. I picked him up when he checked out of the hospital and drove him to his home. Oddly, his greatest concern was not about the frightening attack from which he had just recovered, but about the cost of his hospitalization.
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OPINION
April 19, 2002
Any comedian can wring out empathetic laughs with an HMO horror story. Any politician can bring a tear with tales of managed-care mismanagement. It's hard to resist wanting to punish HMOs, to try to force them to give better care. That doesn't mean it's the right thing to do, since one of the aims of managed care has always been to dampen spiraling medical costs. Consider the raft of health coverage bills--18 of them--now pending in the California Legislature.
BUSINESS
August 2, 2001 | Reuters
Cigna Corp. reported a decline in second-quarter profit due to rising medical costs that could also hurt results for the rest of the year. Cigna, the third-largest U.S. health insurer, said earnings fell 6% to $262 million, or $1.73 a share, missing lowered expectations, as revenue also declined 6%, to $4.7 billion. Cigna had lowered its profit forecast in May, citing higher-than-expected medical costs and a weak stock market that was hurting its retirement-plan business.
BUSINESS
March 6, 2012 | By Patrick McMahon
A study comparing prices for hospital stays, physician office visits, drugs and other medical procedures in developed countries shows U.S. prices among the most expensive.  The International Federation of Health Plans, a London-based network of 100 insurance companies in 30 developed nations, annually looks at prices, and last week published its 2011 Comparative Price Report on medical and hospital fees by country. Among the results: Cost per day for hospital charges averaged $3,949 in the U.S., followed by Chile at $1,552.
CALIFORNIA | LOCAL
November 4, 2004 | From Times Staff and Wire Reports
In an effort to offset the skyrocketing cost of unpaid hospital and emergency room bills, the Santa Barbara County Board of Supervisors voted to increase traffic fines and fees for other violations by 12%. Supervisors voted 4-0 to implement an emergency services fund that would levy an estimated $1 million annually in fines and other charges related to traffic violations to cover unpaid medical costs.
NEWS
June 24, 1991 | From Associated Press
Secretary of Health Louis W. Sullivan appealed on Sunday to the nation's largest organization of doctors to curb soaring U.S. medical costs and improve availability of care or risk a virtual popular revolt. "Unless we act now to meet these goals, we could find ourselves with a critical mass of our citizens demanding a total government takeover of health care," Sullivan told hundreds of doctors at the opening of the American Medical Assn.'s annual meeting.
BUSINESS
October 14, 2007 | DAVID LAZARUS
Congress is scheduled to vote this week on overriding President Bush's veto of legislation that would expand health insurance for children of low-income families. The outcome remains up in the air. Bush called the bill "an incremental step toward [lawmakers'] goal of government-run healthcare for every American," which he said would be "the wrong direction for our country."
NEWS
October 17, 1994 | DAVID R. OLMOS, TIMES STAFF WRITER
When the city of Sacramento went shopping for medical insurance for its 4,000 employees this year, it got a pleasant surprise: rate rollbacks of up to 22%. Many other employers across the state--from giant manufacturers to neighborhood retailers--are also enjoying rate cuts, or significantly smaller increases. It is a striking turnabout from just three years ago, when California industry was bemoaning medical cost increases of 10% to 15%--far higher than overall inflation.
NEWS
February 26, 1987 | DOUGLAS SHUIT, Times Staff Writer
Within four years, the annual public and private cost of providing drugs, hospital care and physician services for AIDS patients in California will range between $255 million and $406 million, a fourfold increase over last year, the legislative analyst's office said Wednesday. And even this estimate "drastically understates the full cost of AIDS" because it does not include "supportive services, prevention and education or indirect costs," the report said.
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