Healthcare, College Tuition: Soaring Inflation Rates
Submitted by Rohisha Adke on Tue, 05/24/2011 - 12:15pm
posted in
These graphs relate to my last post.


Images from: http://www.businessinsider.com/healthcare-and-college-tuition-inflation-2010-12
Comments
free market and inflation
It looks like business model may make more sense when trying to "fix" the inflation around healthcare and college tuition. Or... maybe even more government but with radically different policies. Given our standing as leaders of the world, it makes absolutely no sense.
Do you have any ideas on how to solve these questions?
Pesky Politics
Right now, I am in favor of a more standardized, and hopefully efficient, healthcare system operated by the federal government. However, the idea of that freaks a lot of Americans out - many are already protesting the new system of electronic health records (EHRs) because part of what qualifies providers as "meaningful users" is reporting some specific data to governments through the system, for use as quality measures. This has always been done, but before, it went through many different people in order to be "scrubbed" - the process apparently takes hundreds of hours - and with EHRs, the computer would do the appropriate extraction itself, then send the data to government databases. This is seen by some as the government putting its fingers into private healthcare records, and "controlling healthcare". This is possibly because people do not have a complete idea of how the process would work, etc. Politics...the preventer of progress....of course, I'm only saying that because I think these are things to be done...many people don't agree with my definition of "progress".
How to fix the inflation in healthcare and college tuition...well, I think the first step is figuring out conclusively what is causing it, and then what is causing those causes. One of the contributors to healthcare inflation is advances in technology each year, which cost money, and result in more costly procedures. I guess you could try to compensate for that by cutting back on the number of non-essential treatments done, and working on preventive, instead of treatment-driven, care.
Unfortunately, being leaders of the world does not seem to mean having policies that make sense, or very efficient systems...