How much would you buy if you went shopping with someone else's credit card? Yet, this is how today's health care system works. We are spending everyone’s money except our own. Is it sustainable? No. Can we do something about it?
Yes.
Health Savings Accounts create the necessary incentives for a competitive health care system. A high deductible catastrophic insurance plan would cover the high costs, while an individual health saving account would cover all the smaller charges. Reforming Medicare and Medicaid reimbursements would also allow hospitals to overcome the governmental mandate of free health care, currently at $30 billion annually. Tort reform and limitations on medical liability are necessary to slow down the practice of defensive medicine. Widespread use of electronic medical record keeping is imperative for cost and quality control. Dr. Barry Asmus' presentation offers real world solutions to run-away health care costs.