Posts tagged healthcare

There is no pot of gold at the end of the rainbow where all of our health-care spending has magically accrued. Health care “costs” are really health care jobs. In surveys, hospital managers name labor as their largest cost issue — not the Affordable Care Act.

Achieving any substantial reduction in the cost of care will require what economists call “labor-saving technology.” We will have to find ways to destroy health care jobs — or at least to slow their growth. That will require technology. It will also require policy changes that reduce demand for labor-intensive care.

motherjones:

(via LA Times)
Check out that mug on John Boehner! Caption contest time?

"What tears?! Leave it alone. I just bit into a pepper."

motherjones:

(via LA Times)

Check out that mug on John Boehner! Caption contest time?

"What tears?! Leave it alone. I just bit into a pepper."

Free enterprise is the way America works. We need to apply that to healthcare.

Mitt Romney, apparently forgetting that the United States is essentially one gigantic insurance company with a profoundly expensive standing military, not exactly a projection of free enterprise.

Most people want the government to subsidize healthcare. If Romney is honest-to-god interested in eliminating the government spending that distorts the free enterprise for healthcare, he should explain to voters what, exactly, that would mean. (A teaser: no more Medicare.) Obviously, don’t hold your breath for that kind of honesty.

Morality, Not Markets, Is The Heart of Healthcare

Deregulation to make market work ‘better’ in healthcare, and to ‘empower’ consumers in the market, really only **serves one purpose: to strengthen the position of those market participants with the most power and information, the insurers. **

When politicians talk about applying free market principles to our healthcare system, therefore, what they are really trying to do is further empower the insurance middlemen of the system who are able to manipulate the system in order to extract a profit from the suffering and death of the American people. This is morally repugnant and deeply inefficient.

The role of insurers is to extract rents by restricting access to care. This is morally repugnant.

In our system, the insurance middlemen can make actuarial decisions that minimize cost in order to maximize retention of premiums. It is what they do, and they are good at it. The problem is that those insurers are working solely to maximize their private profit, they haven’t any other metric to measure their success.

The system doesn’t work, it’s broke today. The end of insurance companies, the way we’ve run the business in the past, is here.

Healthcare Small Business Tax Credit is Working

United Health Group, Inc., the nation’s largest health insurer, added 75,000 new customers working in businesses with fewer than 50 employees.

Coventry Health Care, Inc., a large provider of health insurance to small businesses, added 115,000 new workers in 2010 representing an 8% jump.

Blue Cross Blue Shield of Kansas City, the largest health insurer in the Kansas City, Mo. area, reports an astounding 58% increase in the number of small businesses purchasing coverage in their area since April, 2010-one month after the health care reform legislation became law.