Of Consuming Interest - 01/29/10
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Ken Feltman was a Congressional lobbyist for 35 years. He is the former Vice President of the National Association of Manufacturers; and the former President of Radnor, Inc. Discusses Healthcare reform. We are at a crossroads in the healthcare debate. The President is not giving up amidst growing doubt for the existence of the requisite number of votes to get a healthcare package through Congress. Americans have a higher expectation for healthcare than most anybody else in the world. Americans think that if treatment is available, then everybody should receive the best available treatment. Most countries want to know how the bill will be paid before they give care. The question is whether Americans will accept that lowering costs will lower the standard of care. Currently 20% of the GNP goes into healthcare. Healthcare innovations are not integrated into the healthcare system. 15% of the population use 50% of healthcare costs.
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