EDInomics with Steve Keifer

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January 13, 2009

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R_Emanuel

President-Elect Obama is prioritizing streamlining and modernizing many costly areas of government. Once such area is health care. Excessive health care complexity is the third most important reason US health care is so costly and complex. According to McKinsey, this complexity comes primarily in two forms:

1) The first is the regulatory complexity imposed on payers in developing, distributing and managing insurance products;
2) The second form of administrative complexity burdens transactions between payers and providers: "the innumerable claims-management systems, IT platforms, reporting requirements, and contracting terms payers use."

An e-commerce czar is an interesting proposal and should be considered.

Ted

No way! Almost everything the government tries to fix gets screwed up. They caused the current banking crisis and will be making it worse with new solutions.

Bill Burns

The Federal Government is not good at commerce - just because OBama is a good speaker and manipulator of people does not justify even the thought of the bug brother screwing up e-commerce (look at the VA, Social Security, the Post Office, Medicare, Fannie Mae, Freddie Mac, War on Poverty - all poorly run and in constant need of a bail out)
Bill Burns
St Louis MO

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