Tag: hospitals
No Joke, Paul Krugman Praised Veterans Health System as National Model

In 2011, New York Times columnist Paul Krugman wrote that the federal Veterans Affairs (VA) healthcare system is a “huge policy success story, which offers important lessons for future health reform.” Let’s examine Krugman’s arguments for why the VA is a national model for healthcare in light of recent revelations: 1) Krugman says the...
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Once Again, Government Displaces Real Aid

The history of the growth of government is riddled with government programs driving out well-functioning arrangements for the private provision of assistance and social services, including welfare, healthcare and hospital services, unemployment assistance, disaster relief and more. So it should come as no surprise that now Obamacare is doing the same. As reported in...
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Hospital Care That Is Priceless

Something is wrong in the hospital marketplace. Government data released recently show that some hospitals in Dallas charge five times as much as other hospitals for the same procedures! This follows on the heels of a Time magazine/ CNN report, showing that hospitals routinely charge ridiculous prices for items and services: prices that bear...
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How Third-Party Payers Crush Entrepreneurs

In complex systems, there are always unmet needs and problems to be solved. The more dysfunctional the system, the more numerous are the unmet needs and the more severe are the problems. In other sectors, needs to be met and problems to be solved are the fertile ground from which entrepreneurs emerge. Where is...
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How Much Do You Trust the Government? Politics, Patients, and Perverse Incentives

Just as noneconomists think wages can be set at any level, some people think that any public policy is possible. If wages are judged to be too low, the noneconomist thinks that’s because the business owner is hardhearted. If a public policy is judged insufficiently generous, the person unfamiliar with public choice thinks that...
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