Thursday, December 27, 2018

Lamar Alexander: My last two years will focus on cutting health care costs

by Lamar Alexander, The Tennessean -  Up to half of health care spending is unnecessary.

That’s according to Dr. Brent James, a member of the National Academy of Medicine, who testified before my committee that 30 percent, and probably as much as 50 percent of all the money spent on health care is unnecessary. ...the truth is we will never have lower-cost health insurance until we have lower cost health care.... the unnecessarily high cost of health care is that the health care system does not operate with the discipline and cost-saving benefits of a real market. (link)

Rod's Comment: I think everyone recognizes that the market is not working in health care.  Cost continue to soar.  There is not a "price" for health care services when who is paying the bill determines what is the price.  When a third party pays the bill no one cares what something cost.  We must bring cost under control. I wish Alexander success in the next two years as he focuses on cutting health care cost

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