After spending some 15 years working in healthcare administration before embarking on my real estate career I had the pleasure of seeing many good and bad policies. Not all healthcare is bad as some would have you believe.
The first item that needs to be addressed is the decline in the number of good physicians entering the field. This trend started some 30 years ago when our best and brightest thought they would become Wall St tycoons or Lawyers instead of doctors because that was where the money was to be made. The rising cost of malpractice insurance coupled with the cost of medical school scared many away. Now we have a shortage that effects all of us.
My solution is to subsidize the cost of medical school to those promising students in exchange for a gaureenteed stay in the field for a specified length of time, similar to the approach used by the military to get and train good pilots. Then we need to pass legislation limiting the amount of jury awards to those who suffer from a loss due to malpractice. I know first hand the actual reserves that have to be carried by most hospitals on their books is astronomically high. If Wall street brokers were forced to carry similar insurance then we probably wouldn't have had our current financial meltdown.
The next step should be to limit totally unecessary and expensive tests and treatments. We should not all feel entitled to these tests just because we want them. We should also realize that the answer to all problems does not come in pill form and that not all big pharma costs are not validated. For instance we are bombarded with television and print ads (which cost huge sums of money) for various presciption drugs that we "should ask our docter about" Really now, how many of us are really smarter than our doctor?