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.
News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.