Tag: medicine
Taxpayer Alert: Does Failed State Stem Cell Agency Deserve $5 Billion in 2020?

More money is the life-saving therapy for the failed state agency, California Institute for Regenerative Medicine.

Should Dissent Be Allowed in Health Care?

An eminent physician has tentatively proposed that published treatment guidelines be accompanied by dissenting expert opinions, much like U.S. Supreme Court decisions. Daniel Musher, MD, of Baylor College of Medicine, served on the Advisory Committee on Immunization Practice of the Centers for Disease Control and Prevention, which considered guidelines for a dual vaccine approach...
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Problem Solved, No Government Program Needed

In a classic article, Stanford University professor Kenneth Arrow argued that the market for medical care is inherently flawed because of asymmetric information. In what follows, I am going to embellish on the argument, making it even more forceful than it was in the original text. My book, Priceless: Curing the Healthcare Crisis, offers...
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Designing Ideal Health Insurance

The modern era has inherited two models of health insurance: the fee-for-service model and the HMO model. Both models create perverse incentives for patients and their doctors. As I wrote in my recent book, Priceless: Curing the Healthcare Crisis, virtually all recent variations on these two models are attempts to ameliorate and control those perverse incentives—usually...
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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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