As much as I'd like to believe that the health care industry is going to come up with $2 trillion in savings over the next 10 years, history says it isn't going to happen. In a story today Drew Altman, the president of the Kaiser Family Foundation, offered his perspective which covers nearly forty years.
"Neither managed care, nor wage and price controls, nor regulation, nor voluntary action nor market competition has had a lasting impact on our nation's health care costs," Altman said recently. Even after President Bill Clinton proposed an overhaul of our health care system the growth of health care spending slowed only slightly, only to surge a few years later.
The good news is the health care industry realizes that major changes are going to happen this time around and they're willing to promise almost anything to get a seat at the negotiating table.