Navigation Links
Analysis of the Proposed Health Care Legislation Finds Financial Aspects May be Difficult to Forecast
Date:8/13/2009

Eric Gurr, president and CEO of U4prez.com has done a summary analysis of the health care plan currently under consideration in Congress. After pouring through the entire document, he finds that while many of the objections to the plan are simply not true (There is no coverage for illegal aliens, and the parental education is largely voluntary, and driven at the state level not the federal level) there is still serious concern on the financial side.

(PRWEB) August 13, 2009 -- Eric Gurr, president and CEO of U4prez.com has done a summary analysis of the health care plan currently under consideration in Congress. After pouring through the entire document, he finds that while many of the objections to the plan are simply not true (There is no coverage for illegal aliens, and the parental education is largely voluntary, and driven at the state level not the federal level) there is still serious concern on the financial side.

Gurr's analysis is presented from a business perspective, as opposed to government, and he finds a few glaring omissions in a plan as complex as HR 3200. The analysis offers a more holistic approach (addressing the plan in its entirety as opposed to small components which may be amended).

The most obvious of the omissions are of course a fall-back position should costs far exceed estimates and a pilot program for the entire plan. Gurr makes the case that Congress, The White House, and the CBO would all find it impossible to accurately forecast a realistic price tag without a comprehensive test. Short of more accurate financial data, a fall-back option based on specific spending bench-marks would seem to be an absolute requirement.

Gurr cites several examples from the bill which clearly indicate that not enough time has been devoted to behavioral changes which will affect cost. An excerpt is provided below.

SEC. 223. PAYMENT RATES FOR ITEMS AND SERVICES.

(1) IN GENERAL- The Secretary shall establish payment rates for the public health insurance option for services and health care providers consistent with this section and may change such payment rates in accordance with section 224.

"As you can clearly see from this small sampling, no one has any idea how much all of this is going to cost. This is addressed by giving the secretary almost unlimited power to set prices. Of course this is one of the biggest mistakes politicians make when coming up with a big spending plan. It's easy to set a price, but much more difficult to control the cost.

Having established that the cost of the care is completely unknown, we now turn to an even bigger problem; the financing of this plan has very little flexibility, and there is no accounting for the change in behavior which will take place after implementation."

The analysis also points out that the penalties and fees on businesses that do not offer insurance, may not be enough to cover the cost of employees who lose coverage, thus creating a spiral effect of ever increasing costs. Furthering the spiral an increase of these fees will put further strain on the manufacturing segment, forcing some to close the doors and aggravating the problem by lowering the tax base.

The entire brief can be viewed here; Brief summary analysis of health care reform bill.

Contact:
Eric Gurr
U4prez.com

###

Read the full story at http://www.prweb.com/releases/2009/08/prweb2744744.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. GenVaults GenSolve(TM) Reagents Enable State-of-the-Art Genomic Analysis of Dried Blood Spots
2. New Analysis: Women of Low Socio-Economic Status Face Unique Challenges Related to Smoking, Smoking Ban Policies
3. Post-Recession Incomes Will Be Hit Hard by Health Care Spending for Middle Class Working Families, PENN Analysis Shows
4. Caldwell College Receives Approval to Launch First Ph.D. for Applied Behavior Analysis-Autism Treatment in New Jersey
5. UB start-up provides innovative digital sperm analysis to infertile couples worldwide
6. Abilify Has Made Strong Gains in Patient Share Across All Lines of Therapy Since Last Years Analysis of Prescribing Trends in Schizophrenia
7. House Democrats Health Plan Contains Words of Coercion -- Not Choice -- Text Analysis Shows
8. Addiction Treatment Will Help Make Health Reform Affordable, New Analysis Shows
9. Analysis of Four Large Post-Marketing Surveillance Studies Describe Clinical Effects of Sucrose-Formulated Recombinant Factor VIII
10. Motion analysis helps soccer players get their kicks
11. Perceptive Informatics Enhances CNS and Oncology Medical Image Processing and Analysis Capabilities Through Alliance With Biospective
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... ... February 09, 2016 , ... URise ... its newest mobility device, the StandUp Walker. Made entirely in the USA, the ... last 50 years. , StandUp Walker’s novel patent-pending design offers 2-in-1 benefits ...
(Date:2/9/2016)... MA (PRWEB) , ... February 09, 2016 , ... ... (WCRI) compares the workers’ compensation fee schedule rates and Medicare rates for a ... services covered in the report, Evaluation of the 2015 Fee Schedule Rates ...
(Date:2/9/2016)... Atlanta, GA (PRWEB) , ... February 09, 2016 ... ... partnered with Transformation Solutions, LLC to help enterprises move workloads to the cloud. ... to directly connect to their cloud without traversing the Internet. Transformation Solutions ...
(Date:2/9/2016)... , ... February 09, 2016 ... ... and e-book publishing software, in partnership with Snowfall4pod Digital, creators of the ... comprehensive book publishing, content management, global distribution and print-on-demand network. , AVALANCHE ...
(Date:2/9/2016)... ... February 09, 2016 , ... BioPlus Specialty Pharmacy (BioPlus), ... the ‘Pay It Forward’ program into 2016. BioPlus partners with several non-profit patient ... , “Since our Pay It Forward program began, we are proud to ...
Breaking Medicine News(10 mins):
(Date:2/8/2016)... Feb. 8, 2016 Nueterra, the ... specialized in the development of equity partnerships ... it has divided its interests between two ... Capital will continue the founding company,s private ... operate a national system of integrated provider ...
(Date:2/8/2016)... MEMPHIS, Tenn. , Feb. 8, 2016  A ... Hospital scientists has discovered details of how the ... cells triggers a particularly aggressive form of acute lymphoblastic ... cells, in which genetic mutations trigger overproduction of immature ... --> The discoveries of the malfunction underlying the ...
(Date:2/8/2016)... PALO ALTO, Calif. , Feb. 8, 2016 /PRNewswire/ ... manufacturing, and Kodiak Sciences Inc., a biopharmaceutical company designing ... disease, announced today agreements for the clinical supply of ... material at multiple sites, including Slough (UK), Visp (CH) ... --> Retinal diseases, such as age-related macular ...
Breaking Medicine Technology: