Re: The Root Cause of Rising Health Care Costs


""Peter Bjørn Perlsø"" <peter@xxxxxxxxxxxxxxxx> wrote in message
news:1hqo76c.1urdjzhciz5a6N%peter@xxxxxxxxxxxxxxxxxxx
Bob Kolker <nowhere@xxxxxxxxxxx> wrote:

Peter Olcott wrote: > > Within the current way that health care is bought
and paid for, this is not > going to happen. This only leaves two possible
choices to fix the problem: > (1) Find a way to add price elasticity of
demand to health care.

Competition. Deregulate medical care and allow many potential vendors., >
(2) Provide a system for purchasing health care outside of the free
enterprise > system. Disaster. A government controlled system will produce
an abomination like the British National Health Service. Mediocre care for
all. Meanwhile in Britain anyone with the cash opts out of the National
Health Care System.

Agree on both points.

I think that the best way to fix the problem is to instill very strong price
elasticity of demand in the health care market by providing the incentive for
health care consumers to economize in their health care choices. This will only
happen if the health care consumer is required to bear much more of the cost
burden of their health care choices.

The ideal case to minimize the cost of health care would be to provide the means
that everyone can always pay for every single health care expense directly
themselves with no subsidies from anyone. There are possible alternatives where
this could be reasonably approximated.


-- regards , Peter B. P. - http://titancity.com/blog ,
http://macplanet.dk

"If guns kill, do pencils cause spelling errors?"


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