Transactions in healthcare are no different than transactions and profit in any other field. Profit=(price-cost)*quantity, however most medical bills are paid for my insurances or Medicare. As time goes on inflation and population continues to increase and insurance providers are not willing to pay more, this turns into a loss of revenue for those in the medical field who then make up for lost revenue by cramming more patients into a schedule. This article calls to revolutionize the way care in given and received, comparing it to other fields that have recently advanced in recent year. Medical care needs to be reevaluated for the modern world so that increasing prices and population don't continue to cause more issues.
Friday, January 16, 2015
How to fix Obamacare
This article bashes Obamacare from every angle, even going to the extent of referring to Obama as a socialist. As of now, 17% of GDP goes into the healthcare system, Britain has similar government healthcare however they only dedicate 5%. People are now looking into alternative healthcare plans that can offer better deals. This article sides with the idea of healthcare becoming more of a consumer market in which people shop around for deals. I think this could be a good thing because prices may come down as treatments become competitively priced.
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