Saturday, October 10, 2009

Note, Points of View - October 10

Note - Please be aware that John Baker's book signing has been changed to October 19th at 7:00 p.m. at the Barnes & Noble located at 2900 Peachtree Road, NE, Suite 310, Atlanta, Georgia 30305.

Points of View

The Bank Everyone Loves to Hate - By Holman W. Jenkins, Jr. - The Wall Street Journal - "Rightly or wrongly, a business occasionally is picked out by the fates to serve as the "unacceptable face of capitalism"—a term coined by the late British Prime Minister Edward Heath. Goldman Sachs, for a lot of people, is today's UFC."

Health Care

Making Health Care ‘Accountable’ - By Michelle Andrews - The New York Times - "Experts largely agree on the need to change how health care providers are paid. Currently, most are reimbursed for every service they provide, but so-called fee-for-service payment systems do little to encourage cost control or, since often no one provider is in charge, to effectively coordinate patient care."

The Stressed German Model - The Wall Street Journal - "Germany's health-care system was brought to life in 1883 by Otto von Bismarck and became the model for virtually every such state-directed national insurance plan since. Alas, the German system is starting to come apart at the financial seams. Germany's system relies on a handful of state-supported health insurers. This week they informed the government that the system was on the brink of a financial shortfall equal to nearly $11 billion."

The Baucus Conundrum - By David Brooks - The New York Times - "The longer the health care debate goes on, the more I become convinced that the American system needs fundamental reform. We need to transition away from a fee-for-service system to one that directs incentives toward better care, not more procedures. We need to move away from the employer-based system, which is eroding year by year. We need to move toward a more transparent system, in which people see the consequences of their choices."

Paying the Health Tax in Massachusetts - By Wendy Williams - The Wall Street Journal - "My husband retired from IBM about a decade ago, and as we aren't old enough for Medicare we still buy our health insurance through the company. But IBM, with its typical courtesy, informed us recently that we will be fined by the state."

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