Thursday, June 28, 2012

Recommended: You Don't Have to Support Universal Health Coverage to Support Caring for the Needy

The Reason.com site has a good posting today entitled You Don't Have to Support Universal Health Coverage to Support Caring for the Needy. It talks about what a better government health care system might look like. I agree with the ideas.In particular, the distortion of the price signals that the current system imposes is probably the single biggest thing forcing up health care costs.  Innovative programs in India are delivering top quality eye surgery at less than $100 per operation, while the same operation in the US costs in excess of $10,000.  Clearly there is lots of room for price reduction, if only the incentives were there.