Despite all the problems with Obamacare, there’s some good news on the horizon for medical care and costs. The good news has nothing to do with exchanges, reimbursement rates or “navigators,” but everything to do with a phenomenon that has cut costs elsewhere in American society: technology.
Reynolds talks about the proliferation of new stand-alone devices that enable patients to not only self diagnose problems but treat them as well. Other devices require a medical technician but not a doctor.
A few years ago, Andy Kessler wrote a book predicting just this kind of thing. It seemed plausible at the time, but it seems more plausible now. And while I’ve worried in the past that Obamacare might slow progress in these areas, the high costs (and high deductibles) of the policies we’re seeing under Obamacare make me think that it may instead push people toward this sort of alternative.
Can technology save us from our health care crisis? I think so. And, looking around, that seems like a good thing.
As we’ve seen throughout history politicians try from time to time to stuff their population into a box only they control. But time after time Americans have fought their way out, and technology may the best weapon we’ll have to save our liberty in the future. The medical device tax in Obamacare will stifle invention for a while but the pressure for repeal of this “one of the worst provisions of Obamacare” is bipartisan and strong.
The Obamacare rollout shows that technology is not the strong suite with the political class. It overwhelms them at every turn.
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