Word: systemically
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...Program (TARP) was going to be expensive. But the program's special inspector general, Neil Barofsky, thinks the U.S. government has bitten off more than it bargained for: on July 20, his office released a report estimating the $700 billion effort to shore up the nation's wobbly banking system could end up costing taxpayers as much as $23.7 trillion, due to estimates for programs offered by the FDIC, federal money for Fannie Mae, Freddie Mac and other institutions on top of $7.4 trillion in TARP and other Treasury aid. A spokesperson for the Treasury Department quickly called the numbers...
...because there's no payback. A private practitioner invests money in preventive care and the hospital benefits. They're not connected. Second, pay people - particularly primary-care providers - for taking good care of patients without rewarding doctors for doing more and more and more. That's what the system is currently based on. The more you do, the more you get paid, which is an incentive for inefficiency. (Read "Cutting Health-Care Costs by Putting Doctors on a Budget...
...switching our whole health-care system away from this "fee-for-service" model would be incredibly complicated, no? That's absolutely not true. There are already great models - Medicare is one. When Medicare pays hospitals, they pay by disease, not by how long people stay there. Consequently hospital stays have dropped dramatically. I would disagree that this is gonna be a tough transition. I think it's going to be a very good transition. If there's a public option, it will force the transition...
Until the nation's governors staged a public revolt last weekend, few people were paying attention to one of the most far-reaching proposals being considered as part of overhauling the health-care system: a dramatic expansion and redefinition of the Medicaid program. Redefining who is eligible for Medicaid would be one of the major means by which lawmakers hope to achieve universal health coverage - which is one of the reasons that governors, whose budgets are already straining under the program's growing costs, are so wary of the idea. "It depends on what's being proposed," says Pennsylvania...
...brakes on the President's drive to have bills passed by the House and Senate by the August recess. Republicans are calling it a dangerous "experiment." And even the Mayo Clinic - often cited by Obama as the model of what an efficient, high-quality health-care system should look like - is cautioning on its blog that legislation under consideration in the House "misses the opportunity to help create higher quality, more affordable health care for patients. In fact, it will do the opposite...