Tag Archives: Medical racket

Covid Is Revealing the Cancerous Underbelly of U.S. Healthcare, by Charles Hugh Smith

Covid-19 has become yet another profitable racket for the medical-pharmaceutical complex. From Charles Hugh Smith at oftwominds.com:

If you still believe that America’s Sickcare is “the finest in the world” and is endlessly sustainable, please study these three charts and extend the trendlines.

I’ve long been making the distinction between healthcare and sickcare: healthcare is the service provided by frontline operational caregivers (doctors, nurses, aides, technicians, etc.) and sickcare is the financialized system of Big Hospital Corporations, Big Insurers, Big Pharma, etc. and their lobbyists that keep the federal money spigots wide open.

This financialized sickcare system is being consumed by the cancer of greedy profiteering pursued by self-serving insiders. The delivery of healthcare is secondary to maximizing revenues and profits by any means available.

To believe such a corrupt system is sustainable is magical thinking at its most destructive.

Covid-19 is revealing this cancerous underbelly. Knowledge of the inner workings of corporate administration is not evenly distributed, so every participants’ experience of the systemic dysfunction will vary.

Here is one MD’s observations of the system’s priorities. Others may have different views but the maxim follow the money is clearly the correct place to start any inquiry of how America’s financialized sickcare functions in the real world.

From what I’m hearing from the front line, a not insignificant number of admissions are of folks who would not have been admitted in March when there was fear of both the unknown and systemic failure and, not coincidently, when COVID diagnoses didn’t pay as much.

Today, the admission criteria for COVID is so much more flexible than for standard diagnoses like CHF, and pays so much better than other diagnoses that our ‘healthcare’ system is rapidly becoming a ‘COVID care’ system.

The surge in hospitalizations and subsequent COVID-identified deaths may be driven, in part, to health systems adapting to new COVID revenue streams.

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