Economics of Health Care

December 16th, 2009 - 95 Comments

After meeting yesterday with Senate Democrats regarding health care legislation, President Obama remarked to reporters, “You talk to every health care economist out there and they will tell you that whatever ideas are—whatever ideas exist in terms of bending the cost curve and starting to reduce costs for families, businesses, and government, those elements are in this bill.”

Smeal’s own health care economist, Keith Crocker, however, said in a video last month on Research with Impact that the health care proposals currently on the table will not reduce health care costs. As he has stated before on this blog, Crocker contends that there is only one way to truly reduce the cost of health care, and that is by reducing its utilization. And to do that, people must voluntarily accept less treatment or care must be rationed.

Crocker goes into further detail in the first half of the video below. More on health care reform from Crocker is available online here and here.

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This entry was posted on Wednesday, December 16th, 2009 at 4:07 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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