Wednesday, April 21, 2010

Capitalism in Medicine

Today’s blog is by Layne Shapiro, a brand engagement manager at Stinson Brand Innovation.

In the United States, health care is the number one cause for bankruptcy.   
Why are costs so high? 

One thought is that physicians are practicing defensive medicine.  To prevent malpractice charges, doctors have begun running excessive costly tests.  So long as insurance pays for it, there is no financial incentive to save the system money.

Since we live in a capitalistic country, medicine is practiced as a business.  While insurance pays for some unnecessary tests, they fail to cover other doctor recommended treatments.  Who should dictate care: the doctor or the insurance companies?

The newly enacted health care plan will try to address some of these issues.  But the web is so tightly spun, it’s hard to tell where the solution really lies.

No comments: