Commentary on the economy, the markets, and business

The health care solution: Put another shrimp on the barbie

I just got finished moderating a panel at the World Healthcare Congress in Washington, featuring Dow Chemical CEO Andrew Liveris, GE Healthcare CEO Joe Hogan, and futurist/consultant/Scotsman Ian Morrison. A major conclusion was that we should all be more like Australians (Liveris is a native of Darwin; Morrison has spent a lot of time Down Under), leave work at 5, and go to the beach. Morrison advised that we all throw away our Blackberries. Yeah, that's really gonna happen.

Beyond that I wasn't able to write down many notes, because I was, you know, moderating. But I did get this fun fact down from GE's Hogan: GE's worldwide health care costs run about $2.5 billion a year. GE Healthcare's profits are about $2.5 billion a year. "We call it the natural hedge," he said.

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  • 1

    got this from the World Health Congress webpage....

    "The 4th Annual World Health Care Congress, co-sponsored by The Wall Street Journal, is the most prestigious meeting of chief and senior executives from all sectors of health care."

    in other words, you moderated a "health care conference" that ignored the way that health care is delivered in most of the world.

    Did you have to shower as soon as it was over?

  • 2

    Don't believe the ad copy. My panel spent tons of time talking about different health care systems around the world and the problems with the U.S. system. And when Ron Wyden spoke they did an audience poll and about 70% of the people appeared to back his plan.

  • 3

    I was not at the conferiance bet i'm in the world of struggles i am a pregnant teen and everyday i have to wonder how long are me and my new born going to have health care their are so many people that need the health care but can't get it because they make a dolliar over the amount that you need to be elagable for health care but the people who have the money to pay the hospital and more are so much in to their own lives and stuck on them selves they don't think about the people that are struggling they rather go on a boat trip than help the people and they look at the people that need wic and food stamps like they are a low down citizens but we are not we are the one's that don't have the money to make it through everyday it is harder and harder why not help if you have it why be greety we need health care!!!!

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