A home health care tsunami is coming. Recent research estimates that by 2020 the United States will be short 800,000 to 1 million nurses because of large numbers of retiring nurses, few new graduates entering nursing, lack of educational capacity and job dissatisfaction and attrition.
In the hospital waiting room, we have peace of mind in the knowledge that doctors must recommend what they think is best for us. If a doctor thinks surgery will leave you worse off than just using crutches, they cannot recommend surgery. If they do, you can sue them for malpractice. The law holds every doctor accountable for the advice they give.
Millions of Americans save for retirement using a 401(k), but how do they know if they are making the best investment decisions. We may not all be Warren Buffet, but we all want someone like him advising us on how to best invest our retirement savings.
Health insurance increasingly relies on limiting subscribers to networks to control costs. Most consumers, of course, make great efforts to use only doctors and hospitals that are in network; insurance companies make clear that in-network services will cost much less in out-of-pocket costs than out-of-network services – often the difference runs to thousands of dollars.