Pop!!! No (Obama Promised) $80B In Health Savings

It was supposed to recover $80 billion a year in recovery, if we only computerized medical records.

But now there is none. Who believed it anyway. We all know Obama lies, about most anything.

History needs a re-write ….

From the New York Times:

In 2nd Look, Few Savings From Digital Health Records

The conversion to electronic health records has failed so far to produce the hoped-for savings in health care costs and has had mixed results, at best, in improving efficiency and patient care, according to a new analysis by the influential RAND Corporation.

Optimistic predictions by RAND in 2005 helped drive explosive growth in the electronic records industry and encouraged the federal government to give billions of dollars in financial incentives to hospitals and doctors that put the systems in place.

RAND’s 2005 report was paid for by a group of companies, including General Electric and Cerner Corporation, that have profited by developing and selling electronic records systems to hospitals and physician practices. Cerner’s revenue has nearly tripled since the report was released, to a projected $3 billion in 2013, from $1 billion in 2005.

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