Archive for the ‘Health Care Reform’ Category

Health Care Reform

Tuesday, September 29th, 2009

Boom or bust for temp staffing companies. First lets examine the options. Government option healthcare = socialized medicine similar to Great Britain or Canada. This option appear unlikely, it was quickly exposed and failed to garner real support.

Senator Baccus, Democrat from Montana has a plan that has some bipartisan support.

 It promotes non-profit co-ops as competition to private insurance companies. The problem with this plan is that it adds 900 billion dollars to our already burgeoning deficit.

Here are two viable options that might garner enough support from moderates and thus pass in some form:

Place continues on insurance carriers to get their act together or a government option will kick in 2012. This option has promise because most Americans want affordable access to quality healthcare. If the insurance companies were held to task, to pay legitimate claims timely the providers would be willing to take care of more members at a lower cost per patient. Conversely if they lowered premiums or resisted significant increases more companies could afford to offer healthcare benefits.

 From all places to come from:

George McGovern wrote a editorial printed in Sundays New York time offering a solution to the reform question why not just offer Medicare to everyone, whoa George you would have to raise taxes dramatically for that to fly and I can not go along with that, however, maybe he is on to something. The current Medicare eligibility age is 65 how about we lower that to 60, this would help older people that is still in the workforce but struggling to maintain insurance benefits or are in need of more preventative medicine.

Working class families have a difficult time paying for or maintaining health insurance. Sometimes both parents work full time at minimum wage jobs and cannot afford coverage. I suggest we raise they amount of annual income a couple can make and still qualify for Medicaid benefits.  The change would support families that hover around the poverty line without creating an entirely new government run healthcare program.

 Now lets bring it full circle:

 What will be the impact on medical staffing companies? Things are going to get better! no matter what plan is initiated, the outcome will be more dollars spent on healthcare per American. For that past two years, hospitals in States like Florida have been struggling with low patient census. When more money is pumped into the healthcare system, demands will go up!! Hospitals will recover and their improvement will affect sniffs’ rehab centers and ultimately medical staffing companies.

The combination of low hospital censes and a dire employment outlook has put a crunch on staffing agencies, look for this to reverse. Things are stabilizing and I anticipate modest growth in 2010. By 2010 and by 2011 health care reform will really take root and we should see significant growth for a period of several years.

 

Got to go for now, waitress just brought brownie sundae to my table at Chili’s !!