Price information
on Nov 02 in Uncategorized tagged by Trevor HicksEzra Klein, who is really an excellent source for following health care reform, followed up on my article from last week regarding the importance of price information.
There is a simple explanation for why American health care costs so much more than health care in any other country: because we pay so much more for each unit of care. As Halvorson explained, andacademics and consultancies have repeatedly confirmed, if you leaveeverything else the same — the volume of procedures, the days we spend in the hospital, the number of surgeries we need — but plug in the prices Canadians pay, our health-care spending falls by about 50 percent.
OK, obviously he wasn’t following up on my comment. Ezra is right to point out that prices have received short shrift in the national discussion over reform, he fails to mention unfortunately that the Democrat proposal appears to insulate decisions from prices even further. This reform is going the wrong direction and will make our system both cost more and perform worse.
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