Wednesday, October 13, 2004

How to solve the healthcare problem? Tell us what it costs.

This piece from the WSJ tackles the healthcare problem 'head-on'.:
"The problem is not hard to define, and having defined it, it's not insoluble. The problem is we hide from consumers what their health care is costing them, though hiding the cost in no way relieves them of having to pay the cost."
Later, the article summarizes the situation:
The media haven't been much help to voters on any of this, so let's make it simple: The middle class pays for the middle class's health care, whether by taxes, insurance premiums, reduced wages or over-the-counter prices. And the sooner the middle class is empowered to judge the value of health care versus its cost, the sooner we'll get a system that produces results to justify the resources that American workers pour into it.
I'd like to see additional requirements - like mandating that everyone review their billing statements from their healthcare providers before the insurance company pays. This will be a first step educate the consumer on the cost of medical care.

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