Chad
You have a back ground into this topic. Do you honestly see prices coming down for health care? I don't....I have over 150 employess and my company is self insured. Our out of pocket expenses per month are well over $100,000.00. Based on this "new deal", it will be cheaper for companies like mine, to pay the penalty and drop their insurance.......my difficulty is that my people deserve better!
Bill
Bill I cant tell you what the best decision for your company is. I can address the first question though. Do I see prices coming down? The answer is not really...
Like most companies a hospitals two biggest expenses are labor and supplies. Neither of those two items are getting cheaper. In fact supplies are going up exponentially in many cases. Hence my outrage with the pharmaceutical industry..
I always tell people that what we charge and what we get paid are two entirely different things. I may bill $5,000 for a procedure, but if your Insurer has contracted us we may only get $1,500 for instance. If our actual cost is $1,200 we actually make $300 on the deal. Factor in the uninsured or underinsured and those $300 victories dont go very far. Most hospitals in the country are operating in the red right now...
If however we get even a few dollars from those patients that are currently uninsured then hypothetically we should be able to bring prices down.
Like any other business, the key for the success of the new American health care system is competing the private vs. the public option. In principle the private insurer would do its best to entice the customer by offering better service at a lower or competitive price. If this actually occurs it will be a significant victory for the American citizen.