January 13, 2014
Health Costs

Ezra Klein pinpoints the real villains in our atrociously overpriced health care system, and claims it’s not so much those greedy insurance companies:

A health-care system that followed international best practices would direct the government to set rates. Or it would let insurers band together and negotiate rates collectively — a practice called “all-payer rate setting.” But it wouldn’t need to eliminate private insurers. It’s good for consumers to have a choice of insurers, who have real incentives to innovate and devise better ways to keep customers healthy and costs down.

It’s health-care providers — not insurers — who have too much power in the U.S. system. As a result, they have the most to lose if health-care prices fall. But, as is often the case, political power flows in part from popularity. So politicians who routinely rail against for-profit insurers are scared to criticize — much less legislate against — for-profit hospitals, doctors or device manufacturers (though drug companies come in for a drubbing now and then). These are the people who work every day to save our lives, even if they make us pay dearly for the privilege. No one cheers when you take them on…

Webding3.jpg

Posted by Jerome Doolittle at January 13, 2014 02:51 PM
Email this entry to:


Your email address:


Message (optional):


Comments
Post a comment
Name:


Email Address:


URL:


Comments:


Remember info?