Expanding Health Insurance without Reducing Costs Will Lead to National Bankruptcy
Medical Wellness, Inc. is a new, privately funded company focused on the economics of medicine, insisting that financial incentives are the only way to control healthcare costs.
Los Angeles, CA (PRWEB) April 1, 2009
Medical Wellness announces its formation as a privately funded, operating company devoted to developing financial incentives to control medical costs. Over $2.5 trillion are spent every year on healthcare with 99% spent on treating the sick with no incentive to control costs. As a result, Americans have the world's costliest healthcare and also ranks 37th, one of the poorest of any Western nation according to the World Health Organization.
President Obama, several weeks ago, called together 120 national leaders of healthcare asking for their help before exploding costs overwhelm the country. The media reports only lip service will result because most will want more money not less!
Herman Rappaport, President of Medical Wellness, Inc., whose background includes service as advisor to three president administrations and with 55 years in science and associated business, insists, "Political realities and special interests will not accept cost control without financial incentives. That's our objective, to answer the President's call for change in healthcare and show how all in healthcare can benefit, including the public."
The U. S. Congressional Record "Mr. Rappaport is a man whose creativity at any given moment is about a generation ahead of everyone else."
Medical Wellness aims to reduce the number of doctor visits by focusing on chronic fatigue and stress, the reason for most visits. Its initial products are designed to help with problems associated with aging, diabetes, senility and aging eyesight. Not only do these illnesses have the most effect on the quality of life and independence but they are America's most costly health problems and affect the family the most.
Although billions are spent on medical research, Medical Wellness may be the first company to develop products specifically directed at the cost control of healthcare. Medical Wellness is not a consulting company but an operating company, formed to prove that financial incentives can help control costs and without sacrificing the quality of medicine. www. mdwell. com
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