Monday, March 21, 2011

Government passively forcing Insurers out of the Medicare Business


In The Washington Post, Christopher Weaver wrote an insightful article on the situation of America's bigger insurance companies. Many are being to move to new areas of business such as "technology, health-care delivery, physician management, workplace wellness, financial services and overseas ventures..."
In December, Aetna acquired Medicity, a business that helps hospitals share patient information. The federal government will reward hospitals and doctors with more than $30 billion in increased Medicaid and Medicare payments by 2015 for adopting electronic medical records, but only if they can share their data.
Many companies have decided to move out of this field this early is that they expect a decline of profits with the currently increasing government involvement and regulation that is accompanied with Obama's health plan. Nevertheless, the government is using what some might call a bribe, as mentioned in the quote above, to obtain more information and therefore, more power. In an indirect method, the U.S. government is slowly forcing the insurance companys' claims and discontent with Obama's health care plan. Hopefully in the future, we may see a semi or even nearly free government regulated health care for all citizens.

No comments:

Post a Comment