February 20, 2013
Biting the Hand

“It is difficult to get a man to understand something, when his salary depends upon his not understanding it,” according to Upton Sinclair. But suppose you were a top executive of, let’s say, something called the Cerner Corporation. Your salary just went through the roof due to a Democrat president whereas you yourself were a staunch Republic. Would self-interest and maybe even a smidgen of gratitude then lead you to become a Democratic? Upton Sinclair would have predicted just that, but then what would you expect from a Social?

Meanwhile, back in the real world, we learn from the New York Times that:

While proponents say new record-keeping technologies will one day reduce costs and improve care, profits and sales are soaring now across the records industry. At Allscripts, annual sales have more than doubled from $548 million in 2009 to an estimated $1.44 billion last year, partly reflecting daring acquisitions made on the bet that [Obamacare] would be a boon for the industry. At the Cerner Corporation of Kansas City, Mo., sales rose 60 percent during that period. With money pouring in, top executives are enjoying Wall Street-style paydays…

Cerner’s lobbying dollars doubled to nearly $400,000 between 2006 and last year, according to the Center for Responsive Politics. While its political action committee contributed a little to some Democrats in 2008, including Senator Baucus, its contributions last year went almost entirely to Republicans, with a large amount going to the Mitt Romney campaign.

Current and former industry executives say that big digital records companies like Cerner, Allscripts and Epic Systems of Verona, Wis., have reaped enormous rewards because of the legislation they pushed for. “Nothing that these companies did in my eyes was spectacular,” said John Gomez, the former head of technology at Allscripts. “They grew as a result of government incentives.”



Posted by Jerome Doolittle at February 20, 2013 03:12 PM
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