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Tag: Medicare

Freeing the Doctor »

The case for liberating physicians from the dictates of third-party payers Of all the people in the healthcare system, none is more central than the physician. As I explain in my book Priceless: Curing the Healthcare Crisis, fundamental reform that lowers costs, raises quality, and improves access to care is almost inconceivable without physicians...
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How Perverse Incentives Affect Healthcare Behavior »

Imagine a system in which health plans offer networks of doctors and hospitals in return for fixed premiums. People who are seriously ill and need specific, expensive medical treatment will select in a very different way from other people. As I discuss in my book Priceless: Curing the Healthcare Crisis, take a heart patient in...
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Competition Based on Quality of Healthcare: Why Does Quality Rise in Free Markets and Decline with Government? »

Lack of quality competition is in part the result of certain characteristics of healthcare quality. What we call core quality is not a variable at all. As I discuss in my recent book Priceless: Curing the Healthcare Crisis, it is the result of other decisions made by the providers. Since the vagaries of medical...
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Healthcare Entrepreneurs: Unleash the Innovative Caregivers »

Although we often associate the term entrepreneur with profit seeking, the healthcare field is teeming with innovators who are largely motivated by altruism. As I wrote in my new book Priceless: Curing the Healthcare Crisis, take Dr. Jeffrey Brenner of Camden, New Jersey.* In any other field, Brenner would be a millionaire, but because...
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Private-Sector Socialism: What the Right and Left Don’t Understand about Healthcare in Other Countries »

There is no topic in healthcare that is more misunderstood than what other countries are doing. At both ends of the political spectrum, the mistake is the same: the belief that other healthcare systems are radically different from our own. They aren’t. Take the United States and Canada. I would say that the healthcare...
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The Problem of Unintended Consequences: How Good Intentions Often Lead to Perverse Effects »

Ideal health insurance is often said to be health insurance with no deductible or co-payment, making medical care essentially free at the point of delivery. Yet, if patients have no out-of-pocket costs, their economic incentive will be to overuse the system, essentially consuming healthcare until the last amount obtained has a value that approaches...
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