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One Way to Reduce the Cost of Health Care


Is there a cure for the skyrocketing cost of health care?

Is it possible for all Americans to get coverage, while at the same time dramatically lowering costs?

Well Steven Burd, the CEO of Safeway and the founder of the Coalition to Advance Healthcare Reform, believes it can be done. 

And in this article in the Wall Street Journal, he discusses how to do it.

The key, according to Burd, is a health-care plan that rewards healthy behavior.

A good analogy, says Burd, is car insurance. 

The government mandates all drivers have auto insurance. If you're a good driver, you have no points and low insurance payments. If you're a bad driver, you have more points, and your car insurance costs more.

Why wouldn't the same thing work for health insurance companies?

"At Safeway we believe that well-designed health-care reform, utilizing market-based solutions, can ultimately reduce our nation's health-care bill by 40 percent." 

They've done it at Safeway. Why can't the same thing be done nationwide?

According to Burd, if this doesn't get fixed, American companies will be less competitive in the global marketplace, our taxes will continue to increase, and our economy will keep heading south.