Archives by date
You are browsing the site archives by date.
“The System Doesn’t Work, it’s Broke Today”
Imagine that. Yet another commie pinko socialist waxing poetic on the evils of corporate medicine. That’s what some would have you believe. Not! That was the Chairman, President and CEO of Aetna, Mark Bertolini. Yes, the Aetna we pointed out in a previous post recorded a 73% increase in profits last year. And yet another 1%’er on record as saying things need to change. He correctly points out our current healthcare system is akin to hockey game with all of the players, except the patient, in possession of their own puck, thus being what he calls “a nightmare” for the patient. In other words, it’s become more about the dollars and less about the patient. Until now. Because, as Mr. Bertolini points out, the current system is untenable.
He calls for the end of “the way we’ve run the business in the past” and advocates the movement away from the current system of underwriting risk to a system of managing populations, arguing “reform is not going to stop. It won’t go away.” In “measured praise” for the Affordable Health Care Act, he agreed that the “controversial medical loss ratio rules are having a smoothing effect on premium swings” and went on to say, “For most of what has already been implemented, it has been a pretty good thing.”
Medical providers and insurance providers are beginning to realize that the current system isn’t working and that sky didn’t fall with the passage of the Affordable Health Care Act. As Mr. Bertolini indicates, the changes have actually been positive, for the most part and have been a step in the right direction. His comments seem to indicate a willingness to adapt Aetna’s business model to fit a rapidly changing world. And for that, he is to be commended. It’s disappointing to note a number of our politicians do not share Mr. Bertolini’s opinion and only appear to be interested in defeating President Obama rather than in the health and welfare of their constituents. Which is stupid and shortsighted. Because constituents vote.
Posted in Aetna, corporate socialized medicine, health care industry, health care inflation, heath insurance, medical inflation, medical insurance companies, Politics, The Bad AND the Ugly, The Good, Uncategorized | Tagged affordable health, affordable health care, health care act, mr bertolini | 1 Response
Voters worry party politics, not candidate strategies, will define 2016 elections despite slew of urgent challenges
About 200,000 ethnic Serbs fled Croatia during Operation Storm; less than a quarter returned
Investigators have contacted a Denver-based technology firm that helped to manage the unusual system, the Washington Post says
The FBI has begun looking into the security of Hillary Clinton’s private email setup, contacting in the past week a Denver-based technology firm that helped manage the unusual system, the Washington Post has reported, citing two government officials.Continue reading...
The young sister of Kaiser Carlile, the nine-year-old batboy for a Kansas baseball team who died after being hit in the head, takes part in a tribute to her brother before a game on Tuesday. The boy was wearing a helmet when he was accidentally hit by a follow-through swing near the on-deck circle. He died on Sunday Continue reading...