The healthcare expert announced that he was here to participate in a session whose goal was to determine whether all the new healthcare innovation that we're all hearing about is going to make us healthier and be cheaper than all the healthcare we already have — or whether it's all just a bunch of hot air.
That sounded like an interesting question.
So I asked the healthcare expert what the answer was.
"Hot air," he said. "Nothing makes healthcare cheaper."
The healthcare expert observed that I considered this answer profound, so he qualified it.
"Actually," he added, "Vaccines have made healthcare cheaper. That's the one innovation that has made healthcare cheaper. Nothing else makes it cheaper. More cost-effective, yes. But not cheaper."Most politicians know this to be so, too. The question then becomes how to control costs, and the answer to that is rationing either by price or in some other way that is political rather than economic. You know, "death panels."
Or, we could just recognize that affordability is never the problem when the real resources are available. The scarce resources in health care are generally qualified personnel since training takes time. So the answer to universal health care is in large part training personnel commensurate with expected need, e.g., due to population growth.
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One Of The World's Leading Health Experts Just Revealed The Truth About Healthcare
One Of The World's Leading Health Experts Just Revealed The Truth About Healthcare
Henry Blodget
