Tag: Price control

Quality Competition Without Third-Party Payers »

In those healthcare markets where third-party payment is nonexistent or relatively unimportant, providers almost always compete for patients based on price. As I wrote in my recent book, Priceless: Curing the Healthcare Crisis, where there is price competition, transparency is almost never a problem. Not only are prices posted (e.g., at walk-in clinics, surgicenters,...
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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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ConGameCare »

“Con game,” of course, is slang for “Confidence trick,” which Wikipedia describes as: Confidence tricks exploit typical human characteristics such as greed, dishonesty, vanity, honesty, compassion, credulity, irresponsibility, desperation and naïveté. As such, there is no consistent profile of a confidence trick victim; the common factor is simply that the victim relies on the...
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How Much Does Health Insurance Affect Health? Some Surprising Answers »

There have been a number of claims that lack of insurance is life threatening. The most recent and well known is an Institute of Medicine (IOM) study claiming that 18,000 people die every year because they do not have health insurance.[1] Using a similar methodology, a study for the Physicians for a National Health...
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Obamacare Cronyism Makes Bad Medicine »

Emails released last week between representatives of major pharmaceutical companies (“big Pharma”) and top Obama administration officials, including White House Chief of Staff Rahm Emanuel, reveal insider-dealing sufficient to kill any remaining Hope that Obamacare was designed to deliver on the promises of its official name: there is no Patient Protection or Affordable Care...
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Groundbreaking New Book: Priceless: Curing the Healthcare Crisis, by John C. Goodman »

We are very pleased to announce the publication of our very timely, widely acclaimed, and compelling, new book on how to get beyond partisanship and special-interest politics to resolve one of biggest issues facing us today, Priceless: Curing the Healthcare Crisis by our Research Fellow John C. Goodman. Dr. Goodman is the renowned, free-market,...
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Economists Testify on Federal Reserve Before House Committee Chaired by Ron Paul »

On May 8th, five economists, including our Research Fellow Peter Klein, appeared in testimony before the U.S. House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Congressman Ron Paul. The panelists included two economists from the Austrian School, two Keynesians, and one monetarist: Peter G. Klein, Research Fellow, The Independent...
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ObamaCare at Two »

Today is the second anniversary of President Obama’s signing into law the Patient Protection and Affordable Care Act, colloquially known as “ObamaCare.” Despite front-loading benefits in the hope of winning opponents over before the costs start kicking in in 2014, public opinion against the law remains exceptionally high, and is seen increasingly as a...
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