Aetna Heath Coverage Health Insurance
How it could work
In multipayer systems, complexity yields high administrative costs. Each insurer, hospital and doctor must keep track of a myriad of contracts, discount arrangements, benefit packages, formularies, limited referral networks, and insurance regulations designed to reduce utilization. Market solutions leave this insurance and billing bureaucracy in place and add the complexity of tracking 300 million individual insurance policies. The result can be predicted from Economics 101: One person’s income is another person’s cost. The growth of administrative personnel in healthcare has jumped more than 2500 percent in the past 30 years while the growth of doctors and nurses has grown about 150 percent. Healthcare has become a jobs program for an army of paper-pushers. Most of them are chasing the money to pay for care and, in our multipayer system, chasing money is complicated work.
The current system is failing most if not all of us. Americans
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