Serious Heathcare Reform – Industry Pledges $2 Trillion in Cuts

healthcare-rehabWow! $2 trillion (that’s trillion with a “T”) in savings from the Health Care industry. Now that’s a pledge. Or is it?

From WaPo:

The pledge comes amid a debate over how, or whether, to overhaul the nation’s health-care system, and Obama administration officials predicted that it will significantly increase momentum for passing such changes this year.

The groups aim to achieve the proposed savings by using new efficiencies to trim the rise in health-care costs by 1.5 percent a year, the officials said. That would carry huge implications for the national economy and the federal budget, both of which are significantly affected by health-care expenses.

One of the only things that I liked about Ronald Reagan was his mantra “trust but verify.” Although this pledge would help decrease the amount of money taxpayers would have to shell out for health care… as Hans Solo said, “I have a bad feeling about this.”

From NYT:

At this point, administration officials said, they do not have a way to enforce the commitment, other than by publicizing the performance of health care providers to hold them accountable.

Once the momentum for changing the Health Care system is gone, it will be gone for some time. We have to do this right,now. We have strike now. We need to put in place a system that is going to work for 10 or more years. If we are going to mess around and come up with some compromise that will need to be “fixed” or “looked at” every 2 to 4 years then this compromise is worth less than the paper that it is (not) printed on.