17 August 2009
You Can Always Spend More on Health Care
Is there no expense too large when it comes to prolonging the life of a loved one? That is what “living wills” are all about. Would we have the option to extend those lives as long as we do now without a health care insurance system that pays for it beyond the unexpressed desires of often uncommunicative patients? And would the 400,000 foreign non-residents who come to the U.S. every year for exceptional medical care have that option if it were not subsidized by a health care system that consumes over 16% of our GDP?
It may be possible to avoid spending as much as we do on health care, despite Craig S. Karpel’s opinion in the August 17, 2009 Wall Street Journal, and still permit the medical and pharmaceutical industries to profit from their widely recognized excellence in research and therapy development. They can continue to act as engines of economic growth without bankrupting the nation. The key to such a transformation would be to shift their return on investment from a serendipitous result of health care overspending to the intended outcome of a carefully planned business model.
Let us not throw everything we have at the health care problems caused by our aging population. Let us, like Jack Benny, instead carefully think it over.
Is there no expense too large when it comes to prolonging the life of a loved one? That is what “living wills” are all about. Would we have the option to extend those lives as long as we do now without a health care insurance system that pays for it beyond the unexpressed desires of often uncommunicative patients? And would the 400,000 foreign non-residents who come to the U.S. every year for exceptional medical care have that option if it were not subsidized by a health care system that consumes over 16% of our GDP?
It may be possible to avoid spending as much as we do on health care, despite Craig S. Karpel’s opinion in the August 17, 2009 Wall Street Journal, and still permit the medical and pharmaceutical industries to profit from their widely recognized excellence in research and therapy development. They can continue to act as engines of economic growth without bankrupting the nation. The key to such a transformation would be to shift their return on investment from a serendipitous result of health care overspending to the intended outcome of a carefully planned business model.
Let us not throw everything we have at the health care problems caused by our aging population. Let us, like Jack Benny, instead carefully think it over.
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