Daily News Updates - Health Insurance News

Right to Adequate & Affordable, Pt.7 – Controlling tricky medical costs.

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Mr. Reinhardt is skeptical about any immediate savings on health insurance/care from the technical innovations Mr. O is promoting.  Oddly, this is one of the few areas where Mr. O and Mr. Mc agree.  It is generally agreed that many treatments are duplicated between different medical facilities for not having documentation that is stored at some other facility.  Instead of waiting a few days to have documentation mailed to a doctor from the other facility, they run new tests or snap new x-rays so they can bill the health insurance.  With instant access to records which are stored elsewhere, doctors would have instant access to remote medical records and not justify duplicate treatments and procedures.  This is a much more efficient  health insurance/care system.  Critics are crying out that it may take 10 years for all these savings to achieve fruition.  This may be the case (no one knows) but even if it does, if maintained, this could be the beginning of what can be a new way of life.  Many people are so short sighted that they can only understand instant gratification.  But these are the same people who also appreciate the long-term proactive rewards.

Mr. Reinhardt points out the crux of the health insurance/care problem, without noting the unbridgeable gap.  As he says, medical care providers like to keep jacking their prices “as if money grew on trees.”  This is pure capitalism.  He states that Mr. Obama needs to put a lid on this.  Most of our country is bent on the benefits of capitalism.  They’re not well educated in economics and never reach the last chapter in the book that explains that pure capitalism harbors the roots of it’s own destruction.  It would be political suicide for a presidential candidate to point this out to the public.  But Mr. O does have a plan, which was attacked by Mr. McCain early on.  By creating a large public health insurance/care entity which would compete with private industry, and controlling what they’ll pay to medical providers, those providers will be forced to either control their greed or give up the significant increase in consumers that they would, otherwise have,

This will also help the health insurance industry greatly because they won’t be required to pay out for the out-of-control medical charges.

Continued…
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