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Chris Wysocki
Caldwell, NJ
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As surely as the sun will rise in the east, Obamacare's "cost cutting" promises will come up short. Converting every doctor's office in the known universe to electronic medical records was supposed to save us $81 billion a year. At least that was the theory. Reality? Not even close.
The report predicted that widespread use of electronic records could save the United States health care system at least $81 billion a year, a figure RAND now says was overstated. The study was widely praised within the technology industry and helped persuade Congress and the Obama administration to authorize billions of dollars in federal stimulus money in 2009 to help hospitals and doctors pay for the installation of electronic records systems.
"RAND got a lot of attention and a lot of buzz with the original analysis," said Dr. Kellermann, who was not involved in the 2005 study. "The industry quickly embraced it."
But evidence of significant savings is scant, and there is increasing concern that electronic records have actually added to costs by making it easier to bill more for some services.
Officials at RAND said their new analysis did not try to put a dollar figure on how much electronic record-keeping had helped or hurt efforts to reduce costs. But the firm's acknowledgment that its earlier analysis was overly optimistic adds to a chorus of concern about the cost of the new systems and the haste with which they have been adopted.
And lest you think I'm parrotting some Right Wing Rag, the link above goes
to Pravda The New York Times. You know, the Official Media
Outlet of the Obama Administration, where they print all the news that's
approved by the DNC.
Wanna guess who paid for that overly optimistic RAND report?
Did you say "the electronic medical records industry?" You did? Bingo!
RAND's 2005 report was paid for by a group of companies, including General Electric and Cerner Corporation, that have profited by developing and selling electronic records systems to hospitals and physician practices. Cerner's revenue has nearly tripled since the report was released, to a projected $3 billion in 2013, from $1 billion in 2005.
Ain't crony capitalism grand?
Posted at 11:50 by Chris Wysocki
[/obamacare]
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