Viewing entries tagged
Healthcare

Just One Eye

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Just One Eye

“Don’t worry, doc.  It’s just one eye.  I’ve got two.”

My stomach lurched to hear this statement.  A guy who has done nothing wrong aside from choosing self-employment (and perhaps inheriting less-than-stellar genes) is left with the choice: financial devastation or blindness in one eye.  He works hard, has served the country, didn’t complain to me at all, yet here he is about to be swallowed by the ever widening maw of impossible medical expense.

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The Basic Healthcare Transaction

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The Basic Healthcare Transaction

Why do patients feel like they are treated like cows, not humans?  Why does our system produce more sick people getting more procedures?  Why are things so different for the patients in my new practice?  It all comes down to one thing:  the basic financial transaction of the healthcare system.  From it flow all of the bad things doctors and patients experience.  From my rejection of it flow all of the wonderful changes to the care I can now give.  There is no meaningful reform that can happen without changing this basic transaction.

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Haiku Contest

I am holding a contest on my Facebook page to come up with a haiku about healthcare. I honestly don't care what it's about as long as it is clever (including llamas does not give you an advantage, though). Head on over there and give me your best haiku! You know what is at stake here...

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Is Wall Street Preventing Reform?

Slot_machine It's the American way: invest your money to secure your future.  Put money into your IRA, 401-K, 529; invest online and maybe you can strike it big. Publicly held companies are increasingly under pressure to produce in the short-term to keep their investors happy.  The bottom line is to achieve as high of profits as possible.  Long-term plans are often given up to maximize

So what happens when these companies are inserted into a dysfunctional healthcare system?  Insurers, pharmaceuticals, and device manufacturers are among the publicly-held companies through which a huge amount of cash is flowing.  Is it any wonder why reform is slow to happen?

Think about it.  What are things in the system that bother you the most?

What is the reason for these things?  I don't think there is an evil conspiracy behind it.  I see companies doing what they need to do to make a profit.  This isn't wrong.  These companies are morally obligated to maximize the financial returns for their investors. and they give best return when they take the most money out of the system.  This is not evil, it is what they are supposed to do.

So should we really believe that a system can be reformed where some of the biggest players in the industry are doing everything they can to take as much money as possible?  We can't expect them to act any other way - not because they are greedy and evil, but because of the high pressure to produce on the short-term.  All of those with these companies in their portfolio expect it.

I am aware of the fact that some of the insurance companies are non-profits: specifically Blue Cross/Blue Shield.  Why this has not caused them to have a bigger view of things is difficult to say.  In my experience, they behave exactly the same as the for-profit companies; they delay payment, deny procedures, and require paperwork just like the publicly traded companies.

To me, this is one of the best arguments for more government involvement in this area.  To say "it should be a free market" sounds nice to some, but there isn't anything to suggest that less regulation would cause cost to come down - it would simply make profits go up.  The goal of healthcare should not be to provide a good investment opportunity for people.  One of the biggest challenges ahead of anyone who is going to try to reform healthcare will be to plug the holes where money is spilling out of the system.

Even if it hurts my portfolio.

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