QUOTE(Biotech @ Aug 8 2008, 03:00 PM)

I think that the conventional wisdom is to heat all ground beef to 165 degrees to ensure destruction of bacteria.
...and flavor

On a steak, say a sirloin, the bacteria lives on the external surface of the meat. Put your sirloin into a hot pan and the surface, which is exposed to hundreds of degrees of heat, will become inhospitable to bacteria very quickly. Even extremophiles.
When meat is ground, the surface becomes the insides, so any bacteria present on the surface are now distributed throughout the meat. If cooking to medium rare, the interior won't get much hotter than 130, 135 - not enough to kill the nasties.
Whether you grind your meat at home or just have your grocer do it, you should be just fine. You're probably also fine with the pre-ground stuff, but you'll get better quality and will be slightly safer the other way.
Let me put it this way... anyone afraid of getting a tummy ache from eating should be locking themselves in their basements and screaming bloody murder whenever they even see an automobile:
325,000 hospitalizations from food-borne illness in the US
5,000 deaths from same
2.9 million injuries due to car accidents in the US
42,636 deaths from same
Incidentally, about 3,000 people each year from choking. That can happen with ANY food, not just tainted meat.