Rob McCray responds to “Don’t Reform The Malpractice System To Reduce Healthcare Costs — Eliminate It”
WLSA’s Rob McCray commented on a recent Forbes article about the malpractice system reform.
“There is certainly much waste in the US healthcare sector and unnecessary services are are a large component. The Institutes of Medicine estimated that avoidable services constitute about one-third of spending. No fault insurance seems to work for drivers’ insurance and may be adaptable to health care, but will it lead to lower costs in a fee for system? The IMO’s “waste” in healthcare is worth about $1 Trillion in revenue. Absent competition, knowledgeable patient-purchasers and transparency as to outcomes, the proposed change is not likely to cure the disease of over-utilization or reduce errors in health care.”