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The Problem With Free Market Health Care

28 Dec

I know these things. Many of you who’ve taken a course in health economics, read the newspaper, or lived long enough know these things. But, alas, a shocking number of people still don’t know these things. What things, you ask? Well, all the things that make health care markets work differently than markets for traditional goods and services. You need to learn about these things, because if you don’t, you’ll likely continue to think that a free market system will solve all of the problems with our health care system, but you’ll also continue to be wrong. So, hopefully you’re asking “Where can I learn about these things?” and the answer is right here.

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3 Comments

Posted by on December 28, 2010 in Uncategorized

 

3 responses to “The Problem With Free Market Health Care

  1. Jan Baer

    December 28, 2010 at 11:59 pm

    Have you ever known anyone with insurance to shop around for the best prices?

     
  2. Jan Baer

    December 29, 2010 at 12:09 am

    I have a question which should probably be emailed, rather than posted as a comment here: From the studies you've done, do you see clearly whether or not doctors and hospitals truly lose money on Medicare and Medicaid reimbursements?This has been a common Truthism for years, yet I have to wonder about it because some providers seem to do very well indeed serving almost no one but these patients.

     
  3. Jan Baer

    December 29, 2010 at 12:31 am

    Recently our son had a work-related accident with a head wound, resulting in E.R. staples and a scan of his head. Though it was covered by worker's' compensation insurance, the doctor's bill for eight staples slipped through the system and came to him: $750. The doctors' group said they would discount his bill by 30% if he paid the whole thing at one time. Naturally, he turned it in to the insurance company, but it left me wondering if that's a common amount of "wiggle room" in provider charges? It seems awesome.

     

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