Tuesday, August 25, 2009
Here's an excerpt of the review:
Sunday, August 23, 2009
Monday, August 17, 2009
To the point is the ongoing bickering, arguing and fighting about health care reform that is going on in
As I see it, there are three basic things at issue in health care: who has access to it; how much do we spend on it; and how well does it work. The crisis in health care that many people are pointing to is a result of the reality that many people do not have access, we spend a lot, and by objective public health measures the system does not work very well. So what do we do to fix it?
Clearly we give more people access, we spend less, and we get better results. Public policy is so straightforward.
Politicians, unfortunately, seem to have pretty short attention spans and it appears they have gotten themselves completely stuck on the issue of coverage and simply want to argue about how much that will or will not fail to decrease costs and ignore the final question altogether. Worse, hampered by narrow vision, reelection worries, special interest groups and lobbyists, the only viable solution for expanding coverage seems to be a new “insurance company.” Thus the debate on what it will do to costs.
What exactly is required to lower the cost of healthcare?
I have heard people say increase competition in the insurance industry. Bush 43 used to like to talk about getting rid of malpractice law suits. More thoughtful conversations do look at lifestyle, nutrition and the ratio of general practitioners to specialists. But I have never heard anyone say that we need to have fewer doctors.
This is what confuses me. If we are going to decrease the cost of health care, does not that mean exactly that – we need to lower the number of doctors, nurses, hospitals, researchers and (of course) insurance workers. If we really like to have lots and lots of these people around I guess we could just pay them less, but somehow I don’t think that will work. More people means more money, fewer people means less money.
For those of you who want to simply take it all out of corporate profits, there is a legitimate argument to be made there. The United States does, to some extent, subsidize the rest of the world in pharmaceuticals by paying much higher prices for prescription drugs than most of the rest of the world. But that, like malpractice costs and insurance inefficiencies, is not enough to turn the tide.
As a society we need to make some serious choices going forward. It would be great if everyone in
Market forces will eventually take care of this, by making it very unattractive to be in the health care industry in
We need to add price consciousness to health care to our list of imports from
If you have problems with the link, here's a .jpg file my HK publisher sent me (thank you, Pete!):