Comments on: An HIT Moment with … Ralph Fargnoli http://histalk2.com/2008/12/08/an-hit-moment-with-ralph-fargnoli/ Healthcare IT News and Opinion Tue, 22 May 2012 14:25:13 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Wompa1 http://histalk2.com/2008/12/08/an-hit-moment-with-ralph-fargnoli/comment-page-1/#comment-2752 Wompa1 Tue, 09 Dec 2008 19:07:53 +0000 http://histalk2.com/2008/12/08/an-hit-moment-with-ralph-fargnoli/#comment-2752 I do believe Mr. Fargnoli’s predictions of a socialist utopia and tax-payer funded, universal healthcare may be a bit premature. He is quite right that the economy will demand most of the attention. Regrettably, it will also entail large amounts of money handed out. The only benefit of all this government intervention is that the Obama Administration will be hard pressed to find new taxes with which to bear the costs of such a system. Even if the markets were in good shape I think that 3-5 years would be somewhat unrealistic. Interestingly, Mr. Fargnoli hopes to see HIS initiatives in a forthcoming “stimulus,” thereby showing just how much he and Beacon are vested in the status quo. Nothing mandated in Washington can decrease costs in the healthcare industry (except euthanasia perhaps). Every act of government costs the people money; every mandate costs money to comply with it. Do you truly want to cut costs of delivering care Mr. Fargnoli, or would you rather just shift the burden from one person to another (spreading the wealth)? Can you give us an example of another industry where massive investment of public money had the effect of lowering costs? I do believe Mr. Fargnoli’s predictions of a socialist utopia and tax-payer funded, universal healthcare may be a bit premature. He is quite right that the economy will demand most of the attention. Regrettably, it will also entail large amounts of money handed out. The only benefit of all this government intervention is that the Obama Administration will be hard pressed to find new taxes with which to bear the costs of such a system. Even if the markets were in good shape I think that 3-5 years would be somewhat unrealistic. Interestingly, Mr. Fargnoli hopes to see HIS initiatives in a forthcoming “stimulus,” thereby showing just how much he and Beacon are vested in the status quo. Nothing mandated in Washington can decrease costs in the healthcare industry (except euthanasia perhaps). Every act of government costs the people money; every mandate costs money to comply with it. Do you truly want to cut costs of delivering care Mr. Fargnoli, or would you rather just shift the burden from one person to another (spreading the wealth)? Can you give us an example of another industry where massive investment of public money had the effect of lowering costs?

]]> By: Don Lyons http://histalk2.com/2008/12/08/an-hit-moment-with-ralph-fargnoli/comment-page-1/#comment-2749 Don Lyons Mon, 08 Dec 2008 23:54:42 +0000 http://histalk2.com/2008/12/08/an-hit-moment-with-ralph-fargnoli/#comment-2749 Ralph Fargnoli is spot on. I would wholeheartedly agree with his prognostics on the emerging market. Ralph, let's have a lunch when you are in Houston next time around! Best, Don Ralph Fargnoli is spot on. I would wholeheartedly agree with his prognostics on the emerging market.

Ralph, let’s have a lunch when you are in Houston next time around!

Best,

Don

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