Radio Smart Talk for Thursday, July 21:
The future of healthcare is one of the biggest concerns of Americans today. Healthcare costs have been rising for years, millions don't have health insurance and there's still confusion over a new healthcare overhaul law that is being implemented over the next few years. On the other hand, hospitals are often among the most reliable contributors to their communities -- anchor institutions that give back -- and healthcare is one of the few areas of the economy where there are jobs.
One of Central Pennsylvania's leading non-profit citizens is Pinnacle Health. Pinnacle Health operates three hospitals with a total of about 600 beds.
Pinnacle Health also has a new President and CEO. He is Michael Young, who is no stranger to the mid-state, having served as CEO at Lancaster General Health up until seven years ago.
On Thursday's program, we'll discuss Young's vision for healthcare in the region.
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Furthermore how much less administration coists could be acheived with a more single payer system?
More testing leads to additional costs, more procedures, additional risks, and more worry. What we need in data to support the medical treatments we provide.
We need more collaboration.
2. Mr. Young stated that Medicare “went up 3.5% every year for ten years.” That is an outrageous 35% increase in revenue during a time that overall inflation ran less than 1% a year. Thus, Mr. Young’s statement that, “when 65% of your payer base is frozen, the other 35% has to pay more” doesn’t add up. Why have hospital costs consistently gone up MUCH faster than inflation?
S. Scott Paist, M.D.
P.S. Hi, Mike. Good to have you back.
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