Re: Fixing the root cause of rising health care costs


"Peter Olcott" <NoSpam@xxxxxxxxxxxxx> wrote in message
news:1wylj.2700$855.677@xxxxxxxxxxxxxxx
The root cause is the lack of sufficient price competition.

<snip>

Nope.

Because of perverse incentives (health care providers are paid for
_treatment_, not for successful long-term health outcomes) and information
asymmetries (not to mention the overall lack of evidence-based medicine in
the health care sector; the astounding ignorance of consumers (how many
people unnecessarily purchase hand soap with triclosan, for example?)), it
is next to impossible to create an efficient market for health care.

I wouldn't quite say _impossible_, but certainly "price competition" isn't
going to do it.


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