Obamacare IT: Disaster, Opportunity, or Both?

Obamacare is more than a mandate that everyone buy insurance now that they can't be denied for pre-existing conditions. It's full of attempts to rein in long-term health-care spending by bending the cost curve. One such strategy is increasing the use of health-care IT.
 
For example, hospital adoption of electronic health records, or EHRs, was under 10% back in 2008, and now it's closing in on 50% at an accelerating clip. However those with a comprehensive EHR solution are still under 20%.

In this video, health-care analyst David Williamson discusses how Obamacare's HITECH Act is creating interesting developments in the marketplace, as well as potential investment opportunities to take advantage of this technological revolution.

Still in the dark about how Obamacare might affect you and your portfolio? Don't worry -- you're not alone. To help prepare investors for the massive changes coming to the American health care system, The Motley Fool created a special free report that makes this complex topic easily understandable. Download "Everything You Need to Know About Obamacare" and discover how the law may affect your taxes, health insurance, and investments. Click here for your free copy today.


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  • Report this Comment On July 20, 2013, at 4:31 PM, fangzamillion wrote:

    This article doesn't even scratch the surface. The big demand for electronic records, etc., isn't found in Obamacare. The Health Information Technology for Economic and Clinical Health (HITECH) Act (signed into law in 2009) is a monster that surprisingly few people have even heard of. This act has forced many small clinics out of existence, simply because they cannot pay for all the electronic record keeping (computers/software/users/etc.) the law requires.

    The HITECH Act is THE REASON health care cost have constantly escalated at such a dramatic rate, beginning with the first day it was in existence.

    I have personally (of necessity) read much of this bill. How big is it? I've really no idea. I do know, however, that the last time I was researching material contained in it, I was reading pages 89xx through somewhere in the low 9000's.

    I also know that the more I read, the scarier this thing became. Fines are levied on every breach of security. The requirements are EXTREMELY hard to follow, and change constantly. Thus, nobody can possibly stay withing all the guidelines. This, in turn, allows the government to 'grab that cash' on an endless basis. (That, of course, is one if the primary purposes of the law - the other being to give government total access to every detail of everyone's health records.)

    Throughout this nightmare, the same words show up time and time again; "...to be determined by the secretary". This refers to the HEW secretary, who has autocratic control of all of this.

    Want to know more? Read the actual law. Yes, it will likely take months, but you might want to glance through it if you enjoy horror stories. More? There is even more health care horrors hidden in the "Stimulus Bill". (Remember the so-called 'death panels', the mention of which brought such derision from the liberals?Well, it's not in Obamacare. It IS, however, in the "stimulus Bill". Don't believe me? Just read it...

  • Report this Comment On July 20, 2013, at 4:37 PM, VRSEFgold wrote:

    OvomitCare has driven our insurance premium up 286.5% since Sept. 2010, and we have not even had a doctor's visit claim. Who are the fools that voted for Ovomit?

  • Report this Comment On July 20, 2013, at 5:44 PM, JePonce wrote:

    A disaster!

    When a politician owns your health he owns you.

  • Report this Comment On July 20, 2013, at 6:04 PM, jprizoli wrote:

    This Obamacare is NOT what the President wanted. Congress (mostly Republicans) made sure that the insurance companies stayed in the mix. They ARE and have been the problem all along. They were supposed to be watching the store..they just kept raising our rates..and here we are now - 50 years later and up against that wall they talk about.

    I have watched numerous documentaries and videos on healthcare around the world. For starters, just watch this one. It is not one sided. I gives you pros and cons...At least you can discuss the subject of healthcare more intelligently...Is that not what you want? People will not watch it...They refuse to even expose themselves to anything but what they have filtered out for themselves to support their opinions - not a hint of an argument to expand their knowledge of the subject. It takes some courage to change your mind on something after seeing both sides. This shows you are open minded. The more verbal you are about your stance such as demeaning people, the harder it is to admit you may have been misinformed. It is all about ego..can be a very destructive trait in a person. Most people are too lazy to watch an hour video...takes too much effort...But it is very easy to take pot shots at others who do their diligence. Just analyze this psychologically ...What does that say about a person? Need I say more?

    pbs.org/wgbh/pages/frontline/sickaroundtheworld/view/

  • Report this Comment On July 20, 2013, at 6:57 PM, roger142 wrote:

    The health care industry has been slow to implement anything! Grocery stores started using bar code scanners in the 1970's, hospital adopted that technology in the late 1990's.

    As for what is going to happen next year in health care, I don't know. But I do know medical industry stocks are going up, and I'm sure there is a reason why.

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