Obama's national health records system will be costly, daunting

I've been posting quite a bit about the new administration's e-health records push. While the initial cost is steep ($10 billion per year for the next five years) it would end up creating jobs while saving the nation about $300 billion per year by cutting down on duplication, false claims, errors and more.

Here is a great article by Lucas Mearian from ComputerWorld.

January 20, 2009 (Computerworld) President Barack Obama has said that a national electronic health records system will be a priority in his first term, not just for streamlining workflow at hospitals and physician offices but to cut costs and improve the quality of health care.

And while he has pledged to invest $10 billion a year over the next five years on the effort, the price tag for such a system could be closer to $100 billion over the next 10 years, according to experts. They also note that sticking to his five-year timetable could prove to be daunting. READ MORE>>