Summary
The Health Care System and Health Care Financing System are going to drive the economy over the next few years. Consumers are vitally interested in their own health, wellbeing and financial security and that of their families and the standardizing and technological beefing up of the system meets these consumers needs. There is a positive synergy between consumers needs and demands for good quality care and insurers delivery of services to meet these needs.
Analysis
The positive synergy between delivering standardized computer health care records and financing solutions for customers will improve the quality of Health care and the cost of care in our country and be great boon for health insurers. Consumers are vitally interested in their own and their families well being and financial security and Mr. Obama’s recent proposed effort to standardize modern health records directly begins to meet the consumers needs and demand for well being and security. Insurers will play a vital role in providing this well being and financial security because of their previous investment in highly technical systems to monitor claims and manage care. They will improve their bottom line profitability in the next years because of the increasing delivery of their services to consumers now and as the possibility of a new system develops increase those services. Should Mr. Obama be successful in appropriating the funds and law necessary to modernize the health care system insurers will further capitalize on this previous investment in technology and network relationships with providers and will be in good position to modernize their own product lines to meet the changing needs of consumers. Furthermore the most profitable market segment of consumers for health care is very computer savvy (they shop online) and are very interested in living longer and better. This will further drive the insurance business and the business associated with them. I have been a health insurance broker and consultant for 25 years and have never been more excited about the opportunity I see in the health care and health care financing fields. The value of health insurance company stock for health insurers will only improve. Although I am not a stock picker or trader my feeling is that over the long haul which is the nature of the insurance business, money is to be made in the next few years with health insurance companies.
