Monday, February 22, 2010

Obama's Last Ditch Health Care Reform

"WASHINGTON – Making a last-ditch effort to save his health care overhaul, President Barack Obama on Monday put forward a nearly $1 trillion, 10-year compromise that would allow the government to deny or roll back egregious insurance premium increases that infuriate consumers."

I think it's safe to say we need to slow down on all this health care reform. Most people seem to think we should allow health insurers to do business across state lines so why not just start with that?

I think we also need to identify the causes of increased health care costs and address those individually, like changing demographics. I know as a businessman, I have to make a profit. If I'm losing money in one area, I have to make it up in another. If insurers lose money on the elderly, obviously they have to recoup their losses from healthier segments of the population. With rising costs for more advanced therapies how do insurers cope with a medicare system that may not pay hospitals enough to cover costs much less turn a profit?

I'm no expert on health care, but I've heard many who are experts state that private payers are being forced to subsidize medicare patients. If this is the case, maybe we should start with reforming medicare first instead of the entire health care system.

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