No. of Recommendations: 1
I sympathize with all of the complaints about the rising cost of healthcare, but what are all of you doing about it? Technology is certainly a part of the problem but do we want to discourage it? The biggest problem now is the administrative cost of providing medical care! In fact the administrative aspect doesn't provide medical care it just churns the premiums and spits them into the pockets of individuals and companies that have nothing to do with direct medical services. HMOs are really agencies to ration health care while channeling part of the premium to administrators and stock holders.
Maybe we don't need the Canadian system but we certainly need some sort of single payor system to reduce the overhead of the medical system.
How long will doctors be willing to care for Medicare insured patients when the government is reducing payments to physicians by 5% per year? Pharmaceutical companies advertise drugs without even suggesting their indications. They just suggest you ask your doctor whether you should be getting them.
How about the population with rising obesity? The complications thereof certainly are expensive in dollars and human terms.
I am not convinced that medical care should be provided by employers but I do think that some premium payment would be appropriate. Then the employees would have to investigate carefully the providers of care, insurance company etc. If we scrutinized these things as carefully as the Gardners look at stocks we would all be better off.
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