Here we go again talking about the expensive “data resets” that everybody in technology understands and gets but there’s some politicians out there that don’t seem to be able to digest that this is there and the expense behind it. Even Walgreens, 2 days after the election said they couldn’t afford the resets so again in my estimation, get those folks out of the 70s and denial and see the world as it is today, not as they might perceive it to be. Money for the algorithmic processes that run business and government costs tons of money and time, and thus the repeal action has NO steam or footing and the more it keeps circulating, the worse those who keep it in front of the public eye look.
Do Some Think That Health IT Costs and Systems Grow On Trees-Certainly Starting To Give That Impression of Late
There’s more than just government expense here and if you read the entire article here you can see Aetna saying, there’s no going back and CIGNA joined them in this statement. Now this does not mean they are going to sit back and do nothing but they know repeal as it has been announced is not a reality without creating total chaos and again, would cost them a ton of money too.
When it comes to individual provisions, sure they will come to the table to talk and continue to lobby and figure out which is the best way to get their interests taken care of and what ALGORITHMS need to be adjusted or added to put profits to the bottom line. Remember these folks live on analytics and data and realize the money that is there with predictive behavior formulas when calculating the risk of insuring you.
You have to remember these are companies traded on Wall Street, who absolutely hands down has the best technology and algorithms that money can buy, and they buy the best over and over and have machine gun tech while the rest of us run around with swords and daggers. So we come back to the “non participants” in digital literacy and how business is run that keep on this rag if you will. The smart folks know it’s a farce and it’s a shame this has been used a target for action as again IT literacy shows clear as day as those folks live in glass houses. The last appointment made by the President will shine some light there too. It was strange when I posted this link as people from Russia, which anyone can see who logs on the Medica Quack were all over reading this.
President Obama Names a New “Hybrid” Chief of Staff That Can Bring Some “Algo Men” to the White House and Washington
Now there’s IT illiteracy in both parties and some just know how to keep their mouths shut if they don’t understand, but they are there too, both parties. If you want to perhaps get a little more insight on how healthcare algorithms are beginning to mirror those in the financial world, read up below.
High Frequency Electronic Trading Methodologies And Algorithms Work Their Way Into Healthcare With Human Bodies Losing Liquidity With the “Data Game”
Medical claim processing is somewhat being modeled to mirror high frequency trading when you stop and think about and of course those insurers are traded on Wall Street so any algorithms generated that create profits and run in the shortest amount of time seems to be where the focus is at and the the loss of ethics in remembering this time we are focusing on human lives
The health insurers want to set their formulas for maximum profits and that’s nothing new as it’s what they have been doing for years and in some areas taking advantage as well. You have the Ingenix subsidiary of United Healthcare, that is all those folks do is create algorithms and when you combine enough of them you have what is called “software” and that is right out of the mouth of Bill Gates, software is nothing but groups of algorithms. One of the biggest issues I see from what I read in the news is this old paradigm (that should go away) of Congress thinking “its for those guys over there” and they need some impartial Algo Men to go head to head with the lobbyists these days as sometimes those folks are clawing way above the level of comprehension and mathematical formulas as we are all learning in the news with both insurance and pharmaceutical studies are not all they have cracked up to be in terms of accuracy.
More Congressional Testimonies About Health IT–Members of Congress Could Entertain Getting an “Algo Man” on Staff As Wall Street and Health Insurers Have Them–Don’t Leave Home Without One
I used to write code and formulas or algorithms can be written for both accurate and desired results and the 2 are unfortunately not always the same and if you pay a coder big buck to create something that makes big money, whether it is legal, ethical or whatever, the carrot is there with the big dollars and code is written is used for analysis and decision making processes.
It’s just like anywhere else in life with the good guys and the bad guys.
Anyway, the purpose of this post is for folks to realize the expense and how business looks at this too and don’t get racked in to a promise that is not only financially impossible but also show a lack of general consumer digital literacy as we are not going back to 8 Track tapes last time I looked. <grin>. The digital literate have known from day one a total repeal is not possible but we just had to wait it out until some others had to learn up and come to this conclusion as well. It’s the way the world works today. BD
WASHINGTON--As House Republicans make their first run at the health care reform law, Democrats say the GOP is doing the bidding of big insurance.
"Why are they engaged in this effort?" asked Rep. Rosa DeLauro, D-3rd District. "Because, quite frankly, I believe it's what the insurance companies want."
It just ain't so, comes the response from Hartford, where insurance giants such as CIGNA, Aetna, and UnitedHealthcare all have major corporate offices.
"Our focus remains on implementing the law and the various provisions that just recently took effect, from extended dependent coverage to enhance preventive care and tax credits for small businesses," said Daryl Richard, a spokesman for UnitedHealthcare.
It's unlikely they will sit on the sidelines now as this new skirmish gets underway. At least two insurance company CEOs--at Aetna and CIGNA--have said they don't support overturning the health care law, even if they're not thrilled with all its particulars.