{"id":186952,"date":"2013-08-13T07:36:00","date_gmt":"2013-08-13T12:36:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/08\/13\/healthcare-quote-of-the-day\/"},"modified":"2013-08-13T07:36:00","modified_gmt":"2013-08-13T12:36:00","slug":"healthcare-quote-of-the-day","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/08\/13\/healthcare-quote-of-the-day\/","title":{"rendered":"Healthcare Quote of the Day"},"content":{"rendered":"<p>In this <i>New York Times<\/i> article, they discuss the consequences of the <a href=\"http:\/\/www.nytimes.com\/2013\/08\/13\/business\/bigger-hospitals-may-lead-to-bigger-bills-for-patients.html?hp&amp;pagewanted=all\">increasingly frenetic pace of mergers among hospitals<\/a>.<\/p>\n<p>One line of the story is particularly important:<\/p>\n<blockquote><p><span style=\"color: blue;\">\u201cThe rhetoric is all about efficiency,\u201d said Karen Ignagni, the chief  executive of America\u2019s Health Insurance Plans, a trade group that  represents insurers. \u201cThe reality is all about higher prices.\u201d<\/span><\/p><\/blockquote>\n<p>Notwithstanding any &#8220;efficiencies&#8221;, the price hikes come from the fact larger chains have more pricing power when negotiating with insurance companies and the government.<\/p>\n<p>It serves to illustrate a point: We do not have a healthcare <b>cost<\/b> problem in the United States, we have a healthcare <b>price<\/b> problem in the United States.<\/p>\n<p>This is a classic case of a market failure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this New York Times article, they discuss the consequences of the increasingly frenetic pace of mergers among hospitals. One line of the story is particularly important: \u201cThe rhetoric is all about efficiency,\u201d said Karen Ignagni, the chief executive of America\u2019s Health Insurance Plans, a trade group that represents insurers. \u201cThe reality is all about &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1005,1046,985],"tags":[],"class_list":["post-186952","post","type-post","status-publish","format-standard","hentry","category-business","category-healthcare","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/186952"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=186952"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/186952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=186952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=186952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=186952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}