President Barack Obama obviously has made a calculated judgment to “man all the gun boats” on the healthcare front and push the action plan regardless of majority opinions against an overhaul of the system. What I feel he has left out is the “keep it simple, stupid” financial equation that shows without equivocation of his outside experts that the cost savings will outweigh the increase in costs associated with mandates to both individuals and their employers.
Show us how reform will actually cut costs
Many of the buying decisions for insurance coverage are invisible to most of the employed populace leaving most unaware of the cost/benefit ratio of plans and the short- and long-term financial effects a plan choice might have on the “balance sheet” of the individual or corporation partnering to buy the coverage. Just like buying a home, calculated risks and assessments are made on a case-by-case basis as to whether affordability, reputation, quality and service are within the price points of the individual, but mandates of healthcare coverage will not give the consumer all the longitudinal impacts of a decision today, five or more years into the future.
We all should think long and hard before we re-engineer a system that does not really want to accept the only true way to cut costs: cutting benefits and services to individuals accessing care at variable times of the health insurance life cycle.
Lawrence E. EpsteinExecutive directorPulmonary and Allergy AssociatesSummit, N.J.
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