Sunday, March 6, 2011

Obligatory Observations

For those of us who observe and comment with any amount of education, experience of age, or simply, a small amount of artful articulation, there is an obligation to do so, responsibly, and with a certain amount of frequency.  I have a great deal of professional health-care experience.  There are topics in health-care I am obliged to comment upon them simply because I have that experience and expertise.  Specifically, I know about pharmaceutical supply and medical supply costs and how obscenely profitable these industries are in the U.S. thanks to the insurance industry and the medicare system.

Because of the way both of these institutions have operated in the last forty years, double digit inflation is the standard operating procedure.  Most American just accepted these outrageous increases until the banking crisis and resulting recession in the last three years.  Now we know these kind of cost rises cannot be sustained and should not even be proposed.  Both the medical insurance industry and Medicare/Medicaid will have to accept little or no increases in payments.

Since I know this and can make this observation, it is incumbent upon me to do so for my readers.  Fortunately, at the moment, I don't have any.