Tuesday, September 26, 2006

Intel Chairman Blasts Healthcare


Is there any doubt our healthcare system delivery system needs work?

Intel Chairman Craig Barrett: "The (health care) system is out of control, it's unstable, it's basically bankrupt, it gets worse each year and all we do is tinker around the edges when what we need are major fixes."

Major fixes will require technology improvements in information tracking and operational efficiencies. It is interesting to note that Democrats tend to view government subsidized healthcare as an employment source for the population.

TCS Daily: The bottom line is that Kerry only did well in states where job losses occurred, and where they could be cancelled out by healthcare employment growth. None of this would matter if we were talking about most other large, ubiquitous industries - like, say, grocery stores. However, it is very curious given that our healthcare industry is either dominated by government spending - through Medicare, Medicaid, and hospitals subsidized with tax dollars - or by government regulation and market interference.

When a primary goal of an industry is to provide jobs then the incentives for efficiency are proportionately weaker. Is there any surprise the operational ease of healthcare and the operational ease of government services lag behind the rest of the economy?