An honest debate please February 24, 2010
The latest from the NYtimes on the panel with the CEO of Wellpoint…“The City of West Hollywood, where I live, regulates how much landlords can raise the rent each year to keep rents stabilized,” Ms. Meister added. “Why can’t the federal government regulate how much health insurance companies can raise their rates per year, in order to stabilize premiums?”
This seems like a question that politicians raise to pander to people who want to believe there is a simple solution to the health care mess.
Sure…it’s easy to say that the entire problem with health care is some sort of evil insurance industry.
A landlord typically has a fixed monthly payment to make on a mortgage, if he/she even has a mortgage. Rent stablized buildings still have rent increases of anywhere from 5% to 20% per year. That type of increase would typically cover any unforseen increase that the landlord might suffer.
Whereas insurance premiums are a reflection of a complex analysis of what hospitals charge, how often people actually visit the doctor and what the doctors charge. A local hospital recently said they had a 40% increase in charges to insurance. Regulation conversations should first be directed towards the actual cost of health care….(hospitals, doctors, nurses, equipment etc) Only when they are regulated can an intelligent dialogue begin with the insurance companies which actually pay out the medical community.
The reason,I think, that this is not honestly happening is because somewhere along the way everyone decided that things were too messy. We are a democracy…but we are also a capitalist nation. How can you cap insurance without capping doctor/hospital compensation?…Perhaps a return to the idea of co-ops for medical care with fixed salaries for surgeouns would suffice?
