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The Healthcare Fallacy
There is a lot of truth in this article. With that being said a lot is changing since I started in this field 34 years ago. Consumer cost for those of you who are paying continue to rise while what is actually paid out per patient to hospitals is declining.
Some of the cost drivers are popular. Everybody likes the lastest test or procedure. Electronic healthcare, More effiecient, don't beleive it. It has been listed as one of the top risk areas for 2014. Defensive medicine, a big driver that impacts treatment decisions product and software development.
Lifestyle choices: these are starting to be impact via higher rates for smokers when it comes to purchasing insurance. I'm not sure though if it will effect people who recieve medicaid or don't pay a premium.
The bottom line though is that cost from a government standpoint wil be coming down. If you are a buyer of insurance however, that may be another story.
Jan 5 12:51 PM
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