Saturday, April 30, 2011

National Debt, Budget Cuts, and Health Care:

Eric forwarded on this great New Yorker article which summarizes the Healthcare cost problem nicely. Here's a great quote:

"Third, and most important, one person’s “waste” is another person’s “income”—the income of doctors, nurses, hospitals, drug companies, medical-technology makers. Discussions of health care in the U.S. usually focus on insurance companies, but, whatever their problems, they’re not the main driver of health-care inflation: providers are. Hospital stays, MRI exams, drugs, and doctor’s visits are simply more expensive here than they are elsewhere, and the fee-for-service structure insures that we use more of them, too. It’s really just math: most of our health-care dollars go, in one way or another, to health-care providers, so if we want to restrain the growth of health-care spending, less money will have to go to them."