Unbiased Analysis of Today's Healthcare Issues
Between 1992 to 2003, the share of public hospitals in Germany has decreased from 45% to 36%, while the proportion of for-profit hospitals rose from 15% to 25%. Is this a good thing? The economic literature has mixed findings with respect to efficiency and ownership structure. In general, economic theory predicts that private ownership is…
There is an interesting article a few weeks back in the Wall Street Journal (“Opting Out“) which describes the plight of Amish and Old Order Mennonites who refuse to buy health insurance. Further, since these groups also refuse to participate in Medicaid government assistance will not bail them out either. Nevertheless, these societies do have…
The N.Y. Times reports (“Concerned about costs…“) that Congress is trying to impose new restrictions on physician-owned, for-profit hospitals. The legislators fear that these hospitals 1) drive up costs and 2) provide poor quality. Legislators worry that when physicians own the hospital, they may have more of an incentive to order more procedures to increase…
A New Yorker article (“The Checklist“) recounts Peter Pronovost’s efforts to improve the delivery of medical care. One of his simplest ideas was to invent a 5 step checklist to reduce line infections: Doctors are supposed to (1) wash their hands with soap, (2) clean the patientâs skin with chlorhexidine antiseptic, (3) put sterile drapes…