A law student from Wyoming has written and asked me a couple of questions. Before I write my answer to this young man, I thought I would ask you readers, who are much more expert than I, to suggest answers that I might include. So please submit your comments, and I will refer your replies to him as well.
Dear Mr. Levy:
In a May 1, 2006 speech, President Bush said, "In the past five years, private health insurance premiums have risen 73 percent. And as a result, some businesses have been forced to drop health care coverage for their employees."
I have contacted you to ask you why you think the price of healthcare has skyrocketed.
I do not have the premise of faulting hospitals. I am not a writer for your local newspaper. I would just like to be become involved in politics some day, and in order to do so, you have to know the reasons for the problems from the people who are most in tune with the problems.
I have talked to several hospital CEO's in Wyoming and they say that the cost of new technology is their primary burden, not medical liability suits.
In a nutshell, what do you think are the primary reasons for the rising costs and what can be done to lower the costs? Also, do you think that health savings accounts, as proposed by the President, will lower the costs of healthcare?
I thank you for your time and look forward to hearing from you soon.