Tuesday, March 1, 2011

Health Care Cost

When are we going to start separating the cost of Health Care from the cost of Health Insurance. Certainly then are connected, but the media doesn't seem to treat the two any differently.

The cost of Health Care should simply be the cost to provide any given procedure or service, regardless of who pays for it. With nearly zero inflation over the past couple years, the cost of Health Care should not have gone up.

The cost of Health Insurance is, of course, be a horse of a different color. If the insurance pool of which you are a member has seen an increase in the claims associated with a certain type of procedure, the cost of insurance will probably rise so the insurance company can continue to make a profit.

So, why has the cost of Health Care risen in the last couple years? Or has it? Has the cost of Health CARE risen, or has the cost of Health INSURANCE risen? Certainly the second. I'm not sure about the first. And, regarding the second; what are the real underlying causes of the increase?

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