30 Apr 2014 adminPS
If elected I am willing to propose:
Michigan could run a trial period of four years where the state takes away residents ability to sue health care providers, and benchmark Ohio and Indiana, or other neighboring states which do not change their legal policies.
There has been a long running argument about the real cost of lawsuits or the threat of lawsuits driving up the cost of medical care. Trial lawyers say the cost is minimal. Republicans say the cost is huge.
The Democratic party owns universal health care and now must make Obamacare work. It will only work if it reduces health care costs because the days of private health care are numbered, and the government has limited funds. It must be willing to experiment and look at all cost drivers.
There has been a huge amount written about Obamacare care, but little about it essentially being unfunded. It will not be funded by a Republican House of Representatives. Play with government calculators to understand the amount of underfunding. Put in 40 and 50 year olds and see the $6,000 and $7,000 subsidies. Offsetting the subsidy is the maximum penalty of $2,000 an employer pays for dropping health care coverage for an employee. Michigan politicians voted to accept Obamacare–it is not going away. Voters should look for politicians to present concrete proposals to reduce the cost of medical care.
Obamacare was implemented in reaction to sky high American health care costs which forced companies to drop health care. Americans pay double European and triple Japanese health care costs without noticeable benefit. Europeans live 5 years longer and Japanese nine years longer. There clearly are many costs in the system which can be cut-the costs in the system can clearly be cut in half-down to European levels.
A recent appeals court ruling upheld a $144 million settlement against Beaumont Hospital for a baby born with complications. This verdict was upheld by a 3-0 margin. The legal system in this state seems to be determined to transfer money from the middle class to the trial bar. The attorney will gain $50-$60 million from the settlement. This settlement amounts to $374,000 for each of the 420 Ob-Gyn’s in the state. There are 112,000 babies born in the state each year. How does an insurance company price an insurance policy for Ob-Gyn’s? This verdict affects every resident, whether they are covered by Obamacare, private insurance, or Medicaid. The insurance premium must be paid, or coverage dropped.
Tags: Health Care