• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

2

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy

3

10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

1

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

2

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy

3

10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

The health care system of the future looks grim

By
Allan Sloan
Allan Sloan
Down Arrow Button Icon
By
Allan Sloan
Allan Sloan
Down Arrow Button Icon
September 14, 2011, 9:00 AM ET

FORTUNE — Back in the days when dinosaurs roamed the earth and I was in elementary school, my first writing assignment of the new school year would invariably be, “My Summer Vacation.”

So now, with the school year starting again, I’d like to uphold that tradition, and share three things I picked up during my summer absence from the office.

Because I spent July on family medical leave—things turned out well, fortunately—I spent lots of time talking with doctors, watching paperwork go by and trying to understand the system. I had plenty of material: My United Healthcare (UNH) insurance account—which covers just my wife and me—had 155 entries from Dec. 30, 2010, through last week.

What I came to realize is that although Obamacare is horribly flawed, as I’ve written, the alternative isn’t a pastoral world of happy patients interacting with doctors who know them well, take time to deal with their problems, and order appropriate treatments without worrying about cost or bureaucratic second-guessing.

Rather, the alternative to Obamacare is what I call United Healthcarecare: a system dominated by for-profit health insurance companies, which are buying medical practices and hospitals, squeezing everyone in sight and becoming increasingly powerful. Talk to enough doctors, and you see they don’t consider insurance company bureaucrats superior to federal bureaucrats.

With or without Obamacare, the health care system is splitting into two pieces—“concierge care” for people who can pay full freight to doctors whose practices are popular enough to allow them to avoid dealing with medical insurance, “commodity care” for everyone else.

Regardless of whether Obamacare is repealed, I’m afraid, people a decade from now will look back to this time as “the good old days” for health care.

Airline consolidation nightmares

As part of my vacation—not to be confused with my family leave—my wife and I attended a terrific wedding in Napa, Calif. The trip home, however, wasn’t so nice—but it taught me something about the on-the-ground realities of corporate takeovers, as opposed to the 30,000-foot-level at which I usually deal with them.

This involves Continental Airlines, which was acquired by United almost a year ago. My Labor Day afternoon Continental flight from San Francisco to Newark took off about three hours late—a walk in the park compared to the early-morning SFO-Newark flight, which took off more than nine hours late.

You’d think that 11 months after combining into United Continental Holdings (UAL), Continental and United would have combined forces on the ground. But, apparently, you’d be wrong—at least when it comes to San Francisco.

How do I know this? Because Wall Street types who attended the same wedding and were booked on the same flight did what comes natural to them when our flight was indefinitely delayed: They poked around to find out what was happening, and tried to get the best deal they could.

Their finding: Continental flights were being held up because Continental had only two mechanics on duty and a backlog of planes that needed their ministrations. Meanwhile, some United mechanics had no planes to fix, but couldn’t be used on the Continental planes.

United declined comment, so I’ll treat this information as accurate. And as a perfect example of why corporate takeovers that look great on paper frequently don’t work out well in the real world.

Typing, not Tweeting

These two lessons are discouraging—but I ran across one that is hopeful. Think of it as back to the future.

At a recent dinner, my wife and I talked about how we had to throw out two typewriters that suffered water damage from Hurricane Irene. But our dinner companions—former BusinessWeek chief economist Mike Mandel and his wife, Judy Scherer—topped us. They told us that their son Elliot, a senior at Cornell, has taken to writing papers on typewriters rather than computers. Given that Elliot, an English and economics major, works part-time in Cornell’s IT department, I couldn’t believe it.

But it turns out to be true. Elliot told me he writes on a typewriter because that way, he’s forced to write rather than distract himself by going online. “You can’t Tweet on a typewriter,” he quips.

Elliot says it’s a real scene when he shows up at Starbucks with his coral red Royal portable rather than a laptop. I can well believe it. And who knows? Maybe typewriters and solitary discipline will stage a comeback, and reduce the temptations and timesucking created by social media. I sure hope so. Even after losing two typewriters to Irene, I’ve still got two left.

UPDATE 9/20: Thanks to a reader for pointing out that the reason United mechanics are not allowed to work on Continental planes, or vice versa, is Federal Aviation Administration regulation. Until the FAA approves a single operating certificate for the two airlines, they will essentially continue to function as separate entities. While the merger was completed last year, the certificate is not expected to come through until the first quarter of 2012. It’s not unusual for the process to take more than a year.
–Anne VanderMey

About the Author
By Allan Sloan
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
Investingtech stocks
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
By Jason MaJune 5, 2026
1 hour ago
The Class of 2026: Meet the 12 companies making their Fortune 500 debut
Startups & VentureFortune 500
The Class of 2026: Meet the 12 companies making their Fortune 500 debut
By Marco Quiroz-GutierrezJune 5, 2026
2 hours ago
Shoppers search for meat and pork product inside Walmart store
Economyfarming
The U.S. is still one of the world’s biggest meat producers. So why are Americans paying so much for beef?
By Tristan BoveJune 5, 2026
3 hours ago
As the World Cup draws millions to 11 U.S. cities, measles—not Ebola—may be the biggest concern
HealthHealth
As the World Cup draws millions to 11 U.S. cities, measles—not Ebola—may be the biggest concern
By Marco Quiroz-GutierrezJune 5, 2026
4 hours ago
jack
PoliticsElections
A Kennedy, Kellyanne Conway’s ex-husband and a former Palantir data scientist debated AI regulation. Welcome to the Manhattan primary
By Anthony Izaguirre and The Associated PressJune 5, 2026
6 hours ago
trump
Arts & EntertainmentWhite House
Trump says Knicks owner James Dolan invited him to Game 3 of the NBA Finals and he’s going
By Collin Binkley and The Associated PressJune 5, 2026
6 hours ago

Most Popular

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
AI
AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
By Marco Quiroz-GutierrezJune 5, 2026
16 hours ago
Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
Cybersecurity
Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
By Sasha RogelbergJune 3, 2026
2 days ago
10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy
Economy
10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy
By Nick LichtenbergJune 4, 2026
1 day ago
MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing
Success
MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing
By Sydney LakeJune 5, 2026
17 hours ago
CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it
Success
CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it
By Orianna Rosa RoyleJune 4, 2026
2 days ago
A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history
Startups & Venture
A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history
By Shawn TullyJune 4, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.