A Doctor's Perspective Podcast

A Doctor's Perspective Podcast


E 185 Healthcare Spending Waste Explained Ripped OFF Gilbert Simon MD

August 02, 2022

If you are frustrated with the soaring prices of healthcare and feel confused or powerless to make changes that benefit the average person, then listen to Dr. Gilbert Simon talk about his book Ripped Off.

Dr. Gilbert Simon, MD talks to Dr. Justin Trosclair, DC on A Doctor's Perspective Podcast

#1 Myth of Universal Healthcare is it’s Socialized Medicine

If you are like many people, aren’t those interchangeable terms? Find out the 3 different systems - compared and contrasted. Really though, universal kind of just means everyone gets it, like universal K-12 education.

#2 Myth, The American Healthcare System is Number One

We are 11th out of the top 10 countries that are similar to ours. Life expectancy is that of Costa Rica.

#3 Myth. Healthcare would be Free

Wrong. We would pay for it by taxes.

One benefit of universal healthcare is that every hospital would be ‘in-network’ so you would not have to worry about which one is going to give you surprise exorbitant bills.

Is there some way to CAP the Profit that health insurance companies could make? He mentions that other countries do cap how much the C-levels can make by a multiple of the lowest paid worker. SO, we can’t set the amount but by the ratio.

Even worse that insurance companies is the Pharmaceutical companies.

How is that Medicare and Medicaid have different drug prices? How much do politics play a role in prices and competition.

Out of Network Charges but In Network Hospital Services

What is the back story of how you can to an in-network hospital but still get seen by out of network providers and yet we are still on the hook for those rates?

What are the 3 General Types of universal healthcare? Our GDP spends 8% on healthcare which is double other similar countries.

Price Transparency

There are laws that hospitals have ot post their prices but with the complexity and surprises of the human body, it’s hard to say just what a gallbladder removal will cost. It’s not as easy as saying all gall bladder removals in New Orleans will cost $400 (made up price).

Why the shift from private practice to being a hospital employee affiliate?

70% of doctors are no hospital employees. Part of it has to do with all the red tape and hassle of getting paid for legitimate services provided.

How do we get the EHR to talk to each other and transfer data so that redundant tests are not ordered and the doctor gets all the information they need without doing unnecessary expensive tests. 12% of the workforce is in healthcare and most of those are not administering patient care.

Is it true that big pharma has slush funds set aside for the lawsuits from drug reactions?

Ask yourself and politicians, do you know it’s broken, if so whats the course of action to fix the problem?

Show notes and the transcript can be found at https://adoctorsperspective.net/185

Full Transcript of the Interview (it will have grammatical errors and mistakes). Just Click to expand. Thanks descript!


Live from Louisiana and Sacramento, California. Today on the show, we have a doctor who’s been doing this thing for 50 years as primary care. In the eighties, probably in the nineties, he was serving 40,000 low income patients.

And over all that. He decided to write a book and it’s called ripped off. It’s about being overt, tested overtreated and overcharged pretty much kind of makes the case that maybe we should maybe go universal healthcare, how that could work out and just all the blah money that has been spent in a poor way.

So I’m excited to dive in, please. Welcome Dr. Gilbert, Simon.

Okay. Thank you, Justin. So the career span half a century, it really does. Yes. 53 years, actually, once you, once you passed 50 years stop county, but it was 50, 53 years. And there were years where I saw the, in the medical profession undergo tremendous change.

Not to the better,

I don’t even, I mean, sometimes you, I get into these interviews. I’m like,