Patients Versus Shareholders
There is a critical distinction between market friendly and business friendly deregulation but this is almost never made, with sometimes terrible consequences. Perhaps the best example of the latter is […]
Buffett Is Right, The U.S. Pays A Huge Economic Price For Its Wasteful Healthcare
The US healthcare system is rife with inefficiencies; as a consequence, it’s much more expensive compared to other advanced nations. This would be tolerable if it produced better health outcomes […]
Repeal And Replace Cannot Escape Basic Healthcare Trade-Offs
Healthcare is the single biggest sector of the economy, and it’s also the main job creator. The US has a particularly expensive healthcare system, which negatively affects the economy in […]
Not the kind of tea-party we would recommend..
After all the fiery rhetoric, can this be a surprise..
Market distortions in private healtcare
For markets to function, both buyers and sellers need access to the same information. When this is not the case (a situation known as ‘asymmetrical information’ in economics), things can […]
Why free markets won’t produce healthcare for all
Free markets do not work in certain markets, especially those where parties to the transaction have different information (‘asymmetric information’, as it’s called in economics). Health insurance markets are a […]