One of the biggest indicators of our economy is health care. Now, President Obama is preparing to completely revamp the health care system across the country.
If President Obama's plan is approved, private insurance will likely disappear because few companies will be willing to pay huge health care costs for similar coverage offered by the government.
Tim Rice is CEO of Moses Cone Health Systems and president-elect of the North Carolina Hospital Association. He says health care providers are just part of the puzzle and admits they are their own special interest group.
"We lost $20 million last year on Medicaid, compared to our costs and a little more, about $30 million, on Medicare," said Rice.
With President Obama's current health care plan, some health providers are looking at how it will benefit them as a company.
"That's where I go, 'Ah!' I think what the President and what the Congress is trying to do now, which is deal with the uninsured, is the way we have to go. We cannot continue to charge you a lot more because you have insurance, and take care of the people who don't have insurance," said Tim Rice.
While some politicians are in favor of the proposed health care reform, others oppose the idea claiming it could destroy the quality of health care across the country.
"The federal government taking over a larger piece of the healthcare pie would be devastating, long-term, to innovation and to the quality of care that the American people are accustomed to," said Senator Richard Burr.
The future of health care could resemble the current health care situation for senior citizens. Government issued medicaid covers the elderly while some can buy supplemental insurance from the private sector.
If President Obama's plan is approved, private insurance will likely disappear because few companies will be willing to pay huge health care costs for similar coverage offered by the government.
Tim Rice is CEO of Moses Cone Health Systems and president-elect of the North Carolina Hospital Association. He says health care providers are just part of the puzzle and admits they are their own special interest group.
"We lost $20 million last year on Medicaid, compared to our costs and a little more, about $30 million, on Medicare," said Rice.
With President Obama's current health care plan, some health providers are looking at how it will benefit them as a company.
"That's where I go, 'Ah!' I think what the President and what the Congress is trying to do now, which is deal with the uninsured, is the way we have to go. We cannot continue to charge you a lot more because you have insurance, and take care of the people who don't have insurance," said Tim Rice.
While some politicians are in favor of the proposed health care reform, others oppose the idea claiming it could destroy the quality of health care across the country.
"The federal government taking over a larger piece of the healthcare pie would be devastating, long-term, to innovation and to the quality of care that the American people are accustomed to," said Senator Richard Burr.
The future of health care could resemble the current health care situation for senior citizens. Government issued medicaid covers the elderly while some can buy supplemental insurance from the private sector.
