What incentive would the healthcare industry have to cut into its profits VOLUNTARILY just to save YOU money?http://news.yahoo.com/s/ap/us_health_overhaul_analysis
The White House trumpeted the news: health care providers taking a $ 2 trillion scalpel to their costs and pushing the U.S. toward Barack Obama's vision of health coverage for all. But don't line up yet for those insurance cards.
First, a reality check for the nation's 50 million uninsured.
Pledging restraint on costs Monday at the White House were groups representing hospitals, doctors, drug makers, medical device manufacturers and a major health care labor union _a Who's Who of health care interests. The president posed proudly with them and called it "a watershed event."
http://news.yahoo.com/s/ap/us_health_overhaul_savings
President Barack Obama on Monday portrayed the health care industry's promise to cut $ 2 trillion in costs over 10 years as "a watershed event" in the long search for a solution to the millions of uninsured..............Costs have emerged as the most serious obstacle to Obama's plan. The estimated federal costs range from $ 1.2 trillion to $ 1.5 trillion over 10 years, and so far Obama has only spelled out how to get about half of that.
Posted by Wes
They want the verichip, its all part of the plan.
Posted by Change, bitches!
The incentive would have to be the common good, but I'm not naive enough to actually believe they care. It's all a front they're using to convince most Americans they're doing something beneficial for the nation.
Posted by I have a gift
They are mistakenly trying to assuage the hostilities of the Barak administration.
They'll be sorry very soon.
Posted by Joe S
People working in health care are as motivated by self-interest as anyone else. This isn't a knock on you, but I bet that you'll take as high a wage/income as you can get someone to pay you. I would too.
No, they wouldn't cut their profits just to be nice. Few people would. They will maximize their profits. But in a competitive market, that could require cutting prices. If a competitor is able to offer a better product at a lower price, you have to improve or risk losing market share.
Unfortunately, our health care industry is a government regulated cartel with high costs of entry. It is highly bureaucratized and does not truly follow the profit motive even though great wealth is earned. No plan of Obama is likely to reduce costs. The best that he could do would be to step away and allow market forces to work.
The reality, of course, is that few Americans want this. They have accepted the propaganda that health care could not be safe or affordable if the government didn't manage it. They compare U.S. health care to European socialism as if it's provided by the free market. Yet our health care systems are thoroughly fascist.
Sadly, market solutions aren't even on the table. Sadder yet, few people realize that fact.
Posted by Critical_rationalist
the same reason UPS and Fed Ex don't deliver the mail. They can't compete with the taxpayer subsidized USPS.
insurance companies know they could not compete on costs with a taxpayer subsidized national health care plan.
Orignal From: What incentive would the healthcare industry have to cut into its profits VOLUNTARILY just to save YOU money?
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