Democrats, Independents and Republicans can all agree on this much: There is more than enough money in America’s health care system today to allow coverage for everyone at a high level of care. In Wisconsin alone, $32 billion was spent in 2006 on health care. Yet premiums continue to rise.
While the system is complex, some of the answers are simple. By encouraging and introducing free-market mechanisms, promoting wellness and fitness, and encouraging efficiency and transparency in our system, we can find solutions that address today’s needs with bipartisan support.
It’s what we send our Congressmen to Washington to do.
Below are recommendations made by a task force led by John Torinus, Chairman of Serigraph Corporation, West Bend.
- Encourage a shift in both private and public sectors to consumer-empowered health plans, incorporating personal health accounts, responsible deductibles and co-insurance
- Incentivize prevention, wellness and fitness programs. Read more.
- Create structures that allows the marketplace for health care to form and operate effectively, including:
- required transparency on prices and quality
- deductibility of premiums
- tax exemptions for money put into health accounts, and
- incentives for choosing high value providers
- Federal waivers to experiment with consumer-empowered responsibility in Medicaid, incorporating deductibles, co-insurance and health savings accounts.
- Savings to Wisconsin of between $200 million to $800 million are possible (10% to 40% of $2 billion).
- Encourage hospitals, clinics and doctors to accelerate initiatives on lean and quality disciplines – a proven way to wring cost and error out of organizations.
- Launch quality audits of health providers and make them public. Immunity to protect outside, independent auditors will be necessary.