Unbiased Analysis of Today's Healthcare Issues
There is an interesting post at GoozNews (“Getting Doctors to Compete“) in which Merrill Goozner comments on Harvard Business School professor Michael Porter’s belief that competition and integrated care are the solutions to the nation’s health care woes. “Where we need to go is an integrated practice model,” he said. His model entails patient-focused practice…
Health savings accounts (HSAs) have been a major point of contention for health care reformers. Supporters claim that HSAs can reduce health care costs by decreasing the moral hazard problem inherent when third parties—such as insurance companies or the government—pay for medical services. Opponents claims that HSAs will attract rich and healthy individuals, leaving only…
I have recently been receiving some comments suggesting that one way to cut health care costs would be to reduce CEO pay. Would cutting CEO pay be beneficial to society? Ideologically, I believe that markets—and not the government—should determine wages of all workers. If the U.S. government were to put a cap on CEO pay,…
In recent years, the federal government has attempted to increase access to government provided health insurance. Between 1984 and 2004, the percentage of non-elderly individual with government provided health insurance rose from 13.5% to 17.5%. Over the same time period, however, the percentage of American without health insurance also rose from 13.7% to 17.8%. In…
Most economists believe that increasing the price of an item will decrease demand for the item. Health care is no different from any other good. If you increase the copayment or coinsurance rate, people will consume fewer medical services. The famous RAND Health Insurance Experiment (HIE) demonstrated that higher coinsurance rates discourage medical care consumption.…
In 2005, approximately 114 million visits were made by Americans to the hospital emergency departments. Of these, more than eighty percent concluded with a discharge and a recommendation for follow-up care. Receiving prompt and adequate post-ER care is imperative for the resolution of many illnesses and temporary disabilities. Is timely care available for these patients?…
Yesterday, President Bush gave the State of the Union Address. In this post, I 1) analyze Bush’s new health care plan, 2) review some commentary from various blogs on the net, and 3) give a excerpt from the speech which directly relates to health care. Healthcare Economist’s Analysis The heart of the Bush proposal is…
Over the past week, I have discussed California’s proposal to extend health insurance to all individuals. Today, I will examine—in my mind—a superior plan developed by former Republican Rep. Curt Gielow. According to a concept paper from the Wisconsin Health Plan website, the reforms will have the following impact: “All eligible Wisconsin residents receive a…
Last December, Governor Arnold Schwarzenegger held a press conference detailing some of the problems in the California health care system. For instance, there are 6.5 million California residents without insurance; the governor claims that individuals insurance premiums are about $500 higher (or $1200 for a family or four) than they would be if these uninsured…
An interesting post from Joe Paduda of Managed Care Matters gives us an inside look of ‘What insurance people are really like.’