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Bloviating Zeppelin: New Medical FICO Score:

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Tuesday, August 16, 2011

New Medical FICO Score:

Didn't see this one coming, eh?

But it's a logical extension of budgetary times via Mr Obama and ObakaKare:

NEW MEDICAL FICO SCORE SPARKS CONTROVERSY, QUESTIONS:

Within the next 12 months, whether you like it or not, about 10 million Americans are expected to be scored -- much like a credit score -- on how likely they are to fill a prescription and take all the pills the doctor ordered, on schedule.

FICO , creator of the widely used credit score that predicts whether you'll borrow responsibly, is now rolling out its new Medication Adherence Score.

FICO based its score on a formula that predicts whether you will take your prescription drugs. FICO says that since correct use of medication is important for patients, medical providers, insurers and pharmaceutical companies, the Medication Adherence Score will help achieve that goal. They predict it will improve therapy effectiveness and reduce health care costs.

The company says those who score low can be targeted for extra reminders and educational efforts, with the goal of making patients more likely to complete their prescribed regimens.

"It's very important to identify those people who may need that additional education and that additional help," says Dave Shellenberger, senior principal consultant in FICO's health care division.

Critics aren't so sure. Since the score uses information on patients' employment, homeownership and living situations, they say that in the current economic environment, the Medication Adherence Score may unfairly target people who have found themselves in challenging financial situations. It could also, they say, open the door for a new way for insurance companies to charge different prices for different scores. This happened in recent years to consumers buying auto insurance: The cost of those policies are now likely based on an auto insurance credit score .

Hello, ladies and gentlemen?

Your every move from birth to death monitored by your Loving Federal Government? Not just "monitored" but RATED?

BZ


6 Comments:

Blogger Always On Watch said...

Get ready for prescription rationing.

Tue Aug 16, 11:59:00 AM PDT  
Blogger Well Seasoned Fool said...

Pseudo science bullshit. Remember Allstate rating drivers by zodiac signs.

http://www.winknews.com/Local-Florida/2011-01-27/Zodiac-signs-predict-how-good-or-bad-a-driver-is-says-Allstate-insurance

They later retracted; said it was a joke.

It took and act of Congress (Magneson-Moss Act) to stop some of the FICA credit abuses. Given FairIssacs record, may take a revolution to stop the abuses this opens.

Tue Aug 16, 02:10:00 PM PDT  
Blogger Bloviating Zeppelin said...

AOW: not just prescriptions, but all medical treatments and/or procedures. But yes, this is one way in order to limit funds spent for prescriptions even BEFORE prescriptions are recommended.

WSF: and, as anyone who has ever had to deal with the Triumvirate of credit ratings houses in order to clean up abject FALSEHOODS about YOUR personal credit knows, those rating organizations are both:

1. UNMOVABLE and
2. UNACCOUNTABLE

BZ

Tue Aug 16, 04:17:00 PM PDT  
Blogger Old NFO said...

Good point by AOW... sigh

Tue Aug 16, 04:54:00 PM PDT  
Blogger Bloviating Zeppelin said...

NFO, that's pretty clear, is it not, sir?

BZ

Tue Aug 16, 05:58:00 PM PDT  
Blogger Well Seasoned Fool said...

Credit Bureaus? Twenty five years of retailing cars makes me an expert. Then you try to explain it to the sheeple. You are not buying a car, the bank is buying the car and you get to buy it one month at a time. Now, the bank isn't going to buy you a car until YOU get your credit straight. This is what you need to do. They just look at you with their little puppy eyes. OK, if I take care of it, it will cost you. Then you have a pity party story about the bad car dealer ripping you off. Aarg! Need to quit before I stroke out.

Tue Aug 16, 07:07:00 PM PDT  

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