Wow, all I can say is that everyone who is interested in politics, a CEO, or in business should be forced to read this book. The book is written by a CEO of a manufacturing company who was sick and tired of his health care costs heading up by about 10% per year. Let’s face the fact that rising health care costs will eventually bankrupt the country. In addition, Obamacare only addressed the insurance part of the industry and not actually fixing the root cause of hyperinflation – third party insurance billing for procedures, redundant and over billing, and users of medical insurance not caring about cost or quality because ‘insurance’ pays for it.
Essentially, he devised a three pronged approach to proactively combat rising health care costs. First, he implemented a high deductible and a health saving account plan for each employee. The patient would pay the first 20% of the bill and then the company would cover the rest. This made each employee have skin in the game causing the employees would ask how much medical procedures would cost. This made the employees actually take notice of medical procedures. Second, he brought together local hospitals together to see their quality, transparency, and pricing regarding different procedures and steered employees to the best quality and best cost. Third, made a company policy to have a full medical nurse, generic pills free, a dietician, and a health consultant on site. In addition, workers would get time off for passing and taking a full physical yearly.
These three factors together (there are many more in the book) are a proactive approach to tackle rising healthcare costs. Now, if I could put together a website that would show pricing, quality, and up to date information regarding medical care, I would be very wealthy.