We don't have a business model for health care in this country, We just have a business model for care. The way doctors and hospitals get paid is something bad has got to happen. It's a pure reactive model.
Sentiment: NEGATIVE
We do not have a functioning market in the true sense of the word in health care. That's a layer of transparency that's sorely needed in America.
In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy.
The answer for healthcare is market incentives, not healthcare by a Godzilla-sized government bureaucracy.
Healthcare is a very complicated business and you need a very different business model to be successful in India; yet at a global level, there are a lot of challenges and opportunities.
I believe our health care system is in drastic need of innovative, patient-centered reforms that encourage competition and increase consumer choice, not the bloated bureaucracy, tax increases, rationing, and mandates in the president's government takeover.
There's not enough competition and innovation in healthcare.
What I know is that we no longer have free enterprise capitalism in health care; it's not a system any longer where people are able to innovate. It's not based on voluntary exchange. The government is directing it.
We're a high-volume, low-margin business, so we decided to reinvent our own approach to health care.
My contention is that if we expand the patient-centered health care approach, we'll have less people that have to go the medical clinic that provides free service or go to the emergency room - they can have their own health care plan.
I reject the insurance model. I think we should have a free-market approach to healthcare.