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July/August 2009

A Pound of Cure

The federal government is about to spend big on health-care IT. Too bad the medical industry has a vested interest in inefficiency.

By Andy Kessler

Credit: Marc Rosenthal

Technology is once again being touted as a cure-all, this time for what ails the American health-care industry. The Obama administration's $787 billion stimulus plan includes $19 billion for health-care IT spending that provides incentives for doctors and hospitals to adopt electronic health records. Starting in 2011, stimulus funds will provide additional Medicare and Medicaid reimbursements for health-care providers using such systems.

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