On his blog, Benjamin Brown MD, does an incredible job detailing what he calls The…
Another Bout of Physician Payment Insanity
Most Americans do not know that the major reason for our out-of-control healthcare costs and poor care is that our government and private insurance have adopted a Soviet style, non-market, bureaucratic method of payments that have no relationship to reality. The American Medical Association (AMA) and all our specialty medical societies have been co-opted to be active participants as they compete to outdo each other for tidbits of financial gain. In essence our medical groups have deserted their members and the public. Those specialties that will have decreased payments in the latest cycle have unbelievably agreed to the process, but not the results.
The winners are the bureaucrats and middlemen that are robbing us blind. The solution is to allow those who wish to direct their own care have tax deferred robust health accounts so that individuals can pay cash for most care, as well as nationally available catastrophic insurance. These accounts would be funded by employers and government deposits, assuring universal access.
We trust the poor with food stamps, why not those Americans who want control of their own healthcare?