Healthcare system spiraling out of control
Maybe it was a sign of how poorly news outlets inform us or perhaps it was just because we get bombarded with so much noise, but a significant recent story failed to attract much attention.
The 4.3 million BCBS customers in
Dr.
He's right. Almost 18% of this country's gross domestic product, about one in every
The day after the
The reaction was loud and negative. Wake Med's CEO,
We've witnessed this consolidation trend for years. Smaller, rural community hospitals struggle to remain financially viable. According to the
Others have opted to join larger networks. Some treasured hospitals like Mission in
UNC, Duke and ECU's Vidant have taken over some hospitals. Atrium, headquartered in
What is a "strategic combination" like Atrium is proposing for Wake Med? Is it a merger, a takeover, a sale or what? We understand that providing healthcare is expensive and growing more so all the time, but is bigger necessarily better?
Opponents of the Wake Med proposal wonder who will be making policy and operating decisions. They fear the loss of local decision-making and increased bureaucracy. The assumption is that larger entities can affect an economy of scale and operate more efficiently, but there are serious questions of this in actuality.
Here's my spin: We've watched community banks swallowed up by regional and then national financial systems. The same is true with the media, transportation and travel, retail, construction and other sectors. Experience demonstrates that bigger is not necessarily better. We lose the sense of community and local participation once enjoyed.
It's time to call a time out! Our healthcare system is spiraling out of control and is well on the way to bankrupting insurance companies, care providers, and you and me. None of the players in this escalating healthcare Armageddon seem willing to sit and agree on needed changes — especially decisions which involve them conceding any of their piece of the pie.
Instead of losing our local hospital identities, we should be exploring ways to strengthen them. For instance, insurance companies complain about dealing with inflexible large care provider networks, yet they provide reimbursements to them greater than those given to independent hospitals. The same is true with other vendors and suppliers. If ALL hospitals had the same costs and the same reimbursements, community hospitals could be more viable.
Until such time as the healthcare players can conclusively demonstrate how you and I benefit from proposals such as the Atrium-Wake Med combination, it is time to pause further actions.
We need healthcare solutions, not necessarily larger and more complex entities.
We are tired of paying so much for poor health.


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