ACA Agonistes
Health Spending Hits All-Time High
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  • MarkE

    The government is trying to create a synthetic version of a market in healthcare, eg., price controls, mandates, involuntary payment schemes, health insurance exchanges. They are going to pay more and more to try to imitate a market economy. There is no end to how expensive and Byzantine this approach can get.
    Why not just use a free market approach? Its cheap, easy and we do it in almost other sector of the economy. Prices would be lower, less medical care would be consumed, and most people would be much happier. We would still need some HMO type arrangement for poor people, but we would pay much less for it because the market would force the prices down for everyone.

  • Breif2

    Yay! We are spending less on healthcare! All praise Obama!

    [The preceding statement has been rendered inoperative.]

    Yay! We are spending more on healthcare! All praise Obama!

  • Anthony

    Immediate personal anecdote reflecting both high health care cost (which may correlate to consumption boost) and refutation of bending cost curve: seven stitches and care cost me approximately $3,000 ( and I have always been insured -neither my provider nor network changed). The selling of health care underlies headline all time high spending.

    • Breif2

      Ah, but no sum of money is too high to ensure your rapid healing so that you may promptly resume commenting here! 🙂

      • Anthony

        Thanks and healing has begun (quite rapidly by the way). I couldn’t pass up specific example of excessive dollars for less than 2 hours of service. Those without resources and wherewithal don’t stand a chance.

  • Andrew Allison

    Lest we forget, studies show that increased consumption of heathcare due to greater access has no effect on outcomes.

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