4 ms·
The most insightful and thought provoking analysis of health care I've seen in the last several years is this one: https://randomcriticalanalysis.wordpress.com
by kauffj 9y ago
The most insightful and thought provoking analysis of health care I've seen in the last several years is this one:
https://randomcriticalanalysis.wordpress.com/2016/09/25/high-us-health-care-spending-is-quite-well-explained-by-its-high-material-standard-of-living/ https://randomcriticalanalysis.wordpress.com/2016/09/25/high...
It argues that the high cost of health care in the United States is explained by its extreme wealth and that health care is a superior good (https://en.wikipedia.org/wiki/Superior_good https://en.wikipedia.org/wiki/Superior_good).
This is a much different explanation than what is given by either political party.
Anyone have any points in support of or against this argument?
- zip1234 9y agoHealth care costs have an incentive and price transparency problem. If hospitals had to post their prices on the internet and people had an incentive to save money, the costs would go way down. There may be some truth to the argument, but the author ignores the ability of a market to drive down prices and improve products. As it stands, we have a market, but the lack of price transparency causes significant inefficiencies. The government should tweak the current system to require open data standards. This would allow a value-for-money comparison when people choose physicians/treatment and increase the efficiency of the system.