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  • Is Health Risk Reduction important in reducing Health Care costs?

    Is Health Risk Reduction important in reducing Health Care costs?

    Healthways Center for Health Research recently released a May 2010 report that analyzes potential savings in the commercially insured population.  We all know that people can be categorized as low, medium or high health risks.  Unfortunately, as we age most of the United States tend to move from a Low Health Risk toward a High Health Risk.  The report found that if risks could be “reduced” 10% or 25% we would conservatively save estimates between $363 billion and $945 billion over a 10 year period.

    Our new health reform bill focused on providing coverage to the uninsured, who account for $56 billion annually in  uncompensated care.  Three quarters of that care is financed by the government.  The remainder is paid by charity and cost-shifting to private health plans.  Hospitals demonstrate “cost-shifting” as well as anyone, they lose money on medicare and medicaid patients so they over charge private health plans to make up the loss.  If you are covered by a private health plan like me,  we are paying more that we should, and we may even pay more as the government further reduces what medicare and medicaid will pay doctors and hospitals.

    To download the full report click here.

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