Could the billions of dollars America spends on health care be allotted more efficiently, with better service for patients?
·By Kathleen Kozak
Honolulu Civil Beat, May 20, 2015
All across the nation, health insurance exchanges are facing some difficult financial realities. Right here at home, the Hawaii Health Connector has already announced a contingency plan for ceasing operations and deferring the management of the insurance exchange to the federal government as of Sept. 30.
The main reason is money. It’s very expensive to run the IT platform and also deal with all of the intricacies of the different insurance plans and their rules. The Health Connector is not sustainable the way it is run now.
The billions of dollars that are spent on health insurance make the industry very profitable. But for whom?
The insurance industry has operating costs, and after paying their CEO millions of dollars, their chief executives, their presidents, vice presidents, secretaries, and even low-paid clerks, everyone gets a piece of the premiums. After all is said and done, there are millions of dollars spent on things other than actual care for the sick. That’s not even looking at what’s paid to hospitals, pharmacies and doctors like me.