Find a health care sector where there is no Medicare, no Blue Cross and no employer and it is probably a market that works very well. Lasik surgery is one example. Patients get a package price and they know what they are going to pay in advance. Competition works. Over the past decade, the real price of Lasik surgery fell 25%. A similar story can be told about cosmetic surgery. More.
Bernie Sanders wants to get rid of private health insurance. Quite a few Democrats, including a number of presidential candidates, seem to agree. But why? What’s wrong with private health insurance?
A lot of things, it turns out. All too often, private health plans have perverse incentives to underprovide to people who get sick — incentives that are created by unwise government regulation. However, government insurance often faces the same incentives and the results can be even worse. More.
If you are a high net worth individual you probably already know about it. A … Read More
The Liberty, Ecology and Prosperity blog is about appreciating and protecting the environment, using the tools of economics. The blog manager is Jane Shaw Stroup, a former senior fellow of the Property and Environment Research Center (PERC). John Baden, father of the New Resource Economics, is the lead off blogger.
More than 4 in 10 patients who visit an emergency room or enter a hospital are confronted with bills for out-of-network services – even though the insurance company and the hospital led the patients to believe that their care would be in-network. In some cases, patients have faced charges that are many thousands of dollars. John Goodman’s solution: insurers and hospitals should not be able to claim the hospital is in the insurer’s network if that isn’t 100% true. Otherwise, its false and misleading advertising. More.
Some people can’t see the forest for the trees. For the past two years the Trump administration has been pushing the limits of executive authority to make fundamental changes in our health care system. If Congress would do its part, the system would be radically different than it was the day Donald Trump was elected president. John Goodman summarizes the most the most important of these changes. More.
Even climate deniers should be receptive to a carbon tax that is more than offset by reductions in other taxes. The total tax burden would be lower and we would be buying insurance against the bad effects of climate change. So argues Prof. Laurence Kotlikoff in The Hill. More.
President Donald Trump says he wants health reform that will be better than Obamacare, better than what we had before Obamacare, and better than the Democrats’ Medicare for All. And he’s not alone. Numerous surveys show that health reform remains a top priority for Americans, who are concerned about high costs, access, and choice. More.
She proposes to abolish the ObamaCare exchanges—a signature Democratic accomplishment—and enroll participants in something resembling Medicare Advantage, a program expanded during the George W. Bush administration. That’s better than anything Ms. Harris’s Democratic rivals have proposed. It’s also better than many Republican reform ideas. More.
The plan was prepared for the Trump administration by John C. Goodman (father of Health Savings Accounts) and Marie Fishpaw (Heritage Foundation) and published by National Review Online. The plan features such patient friendly ideas as portable health insurance and doctor consultations by means of phone, email and Skype. More.