The Price is Wrong: Why the high price of medical care in the US cannot be maintained.

Thanks to Philip Eide for bring the following post to my attention. It’s been discussed before in many other blogs and newsletters, but needs to be repeated often enough so that it sinks in…we have the most expensive health care “system” in the world, and for workers’ comp, that’s not good, especially as Joe Paduda reported earlier this week with regard to consolidation in the workers’ comp services sector.

Also, a shout-out to Megan Hanley, Executive Vice President, Business Development at Ascential Care Partners for re-posting Joe’s post and thus allowing me to tie the two articles together.

Here is the article by Kathryn Mayer, of BenefitsPro:

http://www.benefitspro.com/2014/04/17/the-real-health-care-spending-problem

If prices don’t come down, and if the cost of workers’ comp services goes up as a result of consolidation of the workers’ comp services providers, then some other alternative to high prices has to be found.

I stand by my belief that medical tourism could be such an alternative, but it is up to you to decide whether it is better to pay through the nose (pun definitely intended), or to find a lower cost alternative that is not a rip-off and is able to provide the same or better quality than what is available in the US.

But this is also a challenge to the medical tourism industry, not just the facilitators, but the medical providers, hospitals and clinics, and businesses that wish to attract American business, whether it is for individual patients, group health patients, or workers’ comp patients, to be transparent in terms of pricing, quality outcomes, efficiency of facilities, skills, understanding of English and American cultural norms, etc.

In my earlier post, Of ‘Aged Statutes and Old Case Law’ — Why Workers’ Comp Must Change, I discussed a bio-psycho-social theory of development calledSpiral Dynamics“. I also mentioned a book I am currently reading called ” MEMEnomics” which explains why the US and the global economy is in a mess, and discusses what needs to happen for the world to progress to the next level of human existence, which is a difficult and painful process because it involves leaving behind all of the old, unhealthy value systems of the past, so that the planet and the human race can sustain itself for the future. Such a leap from the “Existence” tier we now exist in, to the “Being” tier we are emerging into will move the entire human race up the spiral to a brighter and more prosperous future.

To deny this or to try to prevent this will only lead to more dysfunction and chaos, and will probably be the end of all life on Earth as we know it, so anyone whose interests lie in keeping the status quo, is only harming the rest of us.

Globalization is not just about moving businesses offshore, or getting connected with people on the Internet. It is about creating a healthy and prosperous future for all humanity, and all aspects of human culture will be changed because of it.

For those celebrating Easter, have a happy holiday.

 

 

 

 

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This entry was posted in Health Care Costs, Medical Tourism, Workers' Compensation and tagged , , , , , , on by .

About Transforming Workers' Comp

Have worked in the Insurance and Risk Management industry for more than thirty years in New York, Florida and Texas in the Claims and Risk Management spheres, primarily in Workers’ Compensation Claims, Auto No-Fault and Property & Casualty Claims Administration and Claims Management. Have experience in Risk and Insurance Business Analysis, Risk Management Information Systems, and Insurance Data Processing and Data Management. Received my Master’s in Health Administration (MHA) degree from Florida Atlantic University in Boca Raton, Florida in December 2011. Received my Master of Arts (MA) degree in American History from New York University, and received my Bachelor of Arts (BA) degree in Liberal Arts (Political Science/History/Social Sciences) from SUNY Brockport. I have studied World History, Global Politics, and have a strong interest in the future of human civilization in all aspects; economic, political and social. I am looking for new opportunities that will utilize my previous experience and MHA degree. I am available for speaking engagements and am willing to travel. LinkedIn Profile: http://www.linkedin.com/in/richardkrasner Resume: https://www.box.com/s/z8rxcks6ix41m3ocvvep

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