Affordable care costs and benefits

The U S Chamber of Commerce and the Republicans continue their opposition to #Obamacare as an employment killer; fully knowing that the vast majority of the small businesses having less than 50 employees, do not come under the employer mandate of the Affordable Care Act. The Census bureau has identified over 26 million of these small businesses, who can become the engines of American job growth for the foreseeable future. In fact their employees will now be covered under the new act; and if they are below certain poverty thresholds, will get extra income to cover the gap, of getting health insurance from the government.
The health exchanges with their limited provider networks are here to stay. People who lived through the days of the HMOs, may support this new internet model, hoping to finally bring an end to runaway costs. Their main hope is to promote modernization through standardization, digitization of data, resulting in better analytics and health care and better outcomes and quality. Small businesses should thrive as the cost of health care will no longer be a factor, for reaping the rewards of their entrepreneurships and growth. The efforts should now focus on making more accountable and robust systems, as shown in the recent VA appointment delays shortcomings. The work is only starting but it is a good start and could lay a foundation; for how we take care of our people, in America’s next century. A number of technical factors like the roll out of Electronic Medical Records and the International Classifcation of Disease management standard codeset 10 will enable a far more accurate representation of medical encounters and case histories.
When hospitals, providers, pharmaceutical, device manufacturers, radiologists, payers and numerous other constituents; can come together in an open platform, it cuts down waste. By making the rates public and involving the individual to chose his\her health care, makes each one of us more accountable in reducing costs, and getting maximum benefitts. Finally the consumer of #healthcare has to be educated and must improve lifestyles, diet and involvement in preventive care; for the model to succeed even beyond what the administration has hoped for. Do I see a flattening of the curve already, or is it just my imagination?

This entry was posted in Economics, Technology and tagged , , by Rajiv Kapoor. Bookmark the permalink.

About Rajiv Kapoor

Rajiv Kapoor was born in New Delhi. He was educated by the Jesuits at St Xavier’s, and graduated with Honors, from The University of Delhi. Rajiv Kapoor did his MBA in International Business from Penn State and is now settled in the US. He has traveled across most states of India, when he was working on modernization of Rice Mills, and understands their diverse culture and history. This book is a historical fiction, dedicated to his city of birth. His extensive research dives deep into a critical moment, in India’s long history, for his latest Historical Thriller “The Peacock Throne Wars”..

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