14 September 2011

Dr Seuss explains healthcare economics


Oh The Jobs (Debt?) You'll Create! from Marketplace on Vimeo.

This certainly applies to the arms race going on in our neighborhood -- the proliferation of "Free-standing ERs," which provide high cost, luxury-themed care to wealthy communities which were previously well-served by existing facilities.

Nice places to get care, if you can access/afford them, but a short-sighted and improvident way to spend limited health care dollars.

2 comments:

  1. Exactly the point: when it's government dollars (other people's money) then it gets spent wastefully with ill-considered schemes like this. Government control creates artificial shortages and drives up cost. Let the market decide, and you will naturally balance availability with need, and natural competition will keep costs down and provide the best service to the consumer.

    The question of universal healthcare revolves around whether we as a society can afford to not take care of the less privileged. The problem is that with government sponsored health care the only thing that increases is cost. The rich still get the best care, the underprivileged still get care that sucks, and the general public gets fleeced. The market will rule, no matter how much you wish it wouldn't.

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  2. You seem a little unclear on the point, though I admit that the cartoon elides over some details. Hospitals are almost exclusively built with private money these days. There are exceptions (the rebuild of Parkland comes to mind) but overall, it's shareholders money which is being wasted.

    To the degree politicians are culpable, it's usually limited to over-ruling certificate of need regulations or creating ill-advised tax incentives.

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