Posted in Consumer-Driven Health Care, Economic Issues, Employer-Sponsored Health Plans, Government Spending, Health Insurance, Medical Costs, Policy Issues, Price Tansparency

Everything You Need to Know about Healthcare Economics in One Chart | International Liberty

A primary reason why health care costs are soaring is that most of the time when people enter the medical marketplace, they are spending someone else’s money. When patients pay their own medical bills, they are conservative consumers. Economic studies and common sense confirm that people are less likely to be prudent, careful shoppers if someone else is picking up the tab. Thus, the increase in spending has occurred because third parties – employers, insurance companies or government – pay almost all the bills.

via Everything You Need to Know about Healthcare Economics in One Chart | International Liberty.

Author:

A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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