I’ve read several posts today on so called “Value-based payment” strategies and I couldn’t resist adding my 2-cents. VBP can’t fix these fundamental problems because it is still based on a price-opaque shell game I like to call Fee-for-Coding, which …
Tag: economics
Institute for Justice: “North Carolina Surgeon Wins First Round in Fight to Eliminate State-enforced Medical Monopoly”
“The court correctly rejected the government’s argument that Dr. Singh needed to apply for a CON before bringing this case,” said IJ Attorney Renée Flaherty, who argued the motion. “No one should have to go through an unconstitutional …
Fallacy of the Discount: Why Price Transparency Matters
https://www.npr.org/sections/health-shots/2018/04/09/598794123/bill-of-the-month-a-tale-of-2-ct-scanners-one-richer-one-poorer “Hynden was shocked when he got the second CT scan in January, and the listed price was $8,897 — 33 times what he paid for the first test. Gulf Coast Medical Center is part of his Cigna insurance plan’s …
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Watch “Milton Friedman – Monopoly” on YouTube
The Healthcare industry, or medical-industrial complex, wears the armor of Government-sponsored protectionism; chinked together by pieces of the tax code, The McCarren-Ferguson Act, Certificate of Need laws, Medicare billing regulations, HIPAA, HITECH, and the ACA. You would be hard pressed …
Watch “The Day 2 Problem for Egalitarianism | Prof. James Otteson” on YouTube
Professor Otteson discusses the fatal flaws of redistributive planned economies, not the least of which is a decline in cooperative innovation.
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Bernie Sanders Gets a Lesson in What a $15 Minimum Wage Would Mean – Reason.com
“…it’s telling to see how Sanders’ campaign responded to the allegation that the Vermont socialist is not putting his money where his mouth is. In a statement, Shakir stressed that Sanders’ campaign “offers wages and benefits competitive with other campaigns, …
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Musings and Mentions
As we continue to examine the outcomes of socioeconomic initiatives throughout our history, it becomes apparent that society’s benefits are not necessarily derived from good policies as much as from the absence of bad ones. – Robert Nelson
Healthcare costs…time to rethink the calculus!
For anyone still laboring under the myth that insurance carriers are motivated to hold down costs in healthcare OR that health insurance is expensive BECAUSE health-care is expensive OR that insurance helps PROTECT us from high billed charges, consider the …
