Cutting through the smoke screens and confusion caused by the insurance industry and media reports, here is the present status of what has become known as “health care reform:”
According to the Office of Health Reform, the present House and Senate versions of reform share a variety of measures that will reduce the rapid growth in health care costs while also providing Americans with higher quality care, including:
- Improve methods used in hospitalizations to prevent mistakes and unnecessary readmissions.
- Create incentives to reward quality care rather than quantity of procedures.
- Give physicians incentives to collaborate in patient care.
- Reduce infections and other health problems acquired at hospitals by use of rigorous reporting and transparency.
- Reward care that focuses on wellness using an integrated and coordinated delivery system.
- Eliminate some of the insurance bureaucracy by streamlining the payment system to save time and money now spent processing claims and navigating the out-dated insurance system.
- Establish a health insurance exchange with a public insurance option, allowing individuals and small businesses to buy lower-cost insurance and create competition.
Read the entire report from the Office of Health Reform at this link.
I think President Obama is more concerned about the quality of my health care than is the insurance industry and I think the insurance marketing machine is lying.
A Goldman Sachs analysis for health insurers concluded that “if no reform is passed, earnings per share would grow an estimated ten percent from 2010 through 2019, and the value of the stock would rise an estimated 59 percent during that time period.” Otherwise, not nearly as much. Read the article at this link.
AARP also has endorsed the U.S. House Health Care Reform bill, which Zack Space, our Congressman, voted for. Read about that endorsement at this link.
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