Insurer’s Gone Wild
”We allow the insurance industry to run wild in this country,” President Obama declared on Monday. ”We can’t have a system that works better for the insurance companies than it does for the American people.”
Yet Obama’s plan to tame health insurers would boost their business, protect them …
December 4, 2009 – 2:51 pm
At the request of BlueCross BlueShield, Oliver Wyman did a study of the Senate health care bill. Unsurprisingly, this study estimates that the bill will cost consumers quite a bit more than the CBO estimated.
John Goodman summarized the findings this way:
Premiums for individuals and families purchasing coverage on their own will go up …
By Joe Martin
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Posted in Economics, Healthcare
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Also tagged analysis, John Goodman, Maine, market, Massachusetts, New Jersey, New York, Oliver Wyman, reform, Vermont
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September 13, 2009 – 9:04 pm
This morning I saw a new Facebook poll: ”Is Health Care a Human Right?”. I voted no.
Do you have a right to health care? Yes. And no. My answer ultimately depends on what you mean by a ”right” to health care.
Rights come in two varieties: negative and positive. A negative right can be thought of …
August 28, 2009 – 11:36 pm
Here’s Warren Meyer, talking about the different types of rationing.
So here is what it boils down to: For every product or service purchase, someone makes a price-value trade-off to determine if that product or service should be purchased for a given price in that particular instance.
One option for …
August 27, 2009 – 4:08 pm
The National Center for Policy Analysis published a press release from the HealthPlanWire today, showing the grow in private insurance world wide.
HPW follows health insurance markets globally, and is projecting that total covered lives will exceed one billion by 2012. Single-payer systems are declining world-wide because they are primarily based in countries which …
August 27, 2009 – 3:21 pm
I should know by now that whenever I try to explain something John Stossel has already explained it better. First, he delivers a great quote about why competition keeps prices low.
In a free market, a business that is complacent about costs learns that its prices are too high when it sees lower-cost competitors …
August 26, 2009 – 4:59 pm
In today’s New York Times, David Leonhardt talks about the problem of health care choice. Specifically, the fact that most people don’t have any choice. He starts out making a lot of sense.
Health insurers often act like monopolies — like a cable company or the Department of Motor Vehicles — because they resemble …
August 26, 2009 – 2:27 pm
Any bureaucracy — public or private — is going to make pointless decisions and complicate your life. This applies to health ”insurance” as much as it applies to anything else. It’s easy to find stories of people who were heartlessly treated by their health bureaucracy. In Britain, the bureaucracy is the government run NHS. In …
August 24, 2009 – 3:23 pm
Russ Roberts reminds me about the difference between health care and health insurance — especially as it pertains to the elderly.
It’s the wrong question because when you’re 65 the problem isn’t getting insurance. It’s paying for health care. But the public debate has become so obsessed with health care insurance we’ve forgotten what …
February 25, 2009 – 5:39 pm
Mr. HIStalk recently did a great interview with Dr. Jordan Shlain, founder of Current Health. It was a fantastic read. Here’s a sample:
I want to give you a softball question here, because I’ve seen your answer elsewhere, but I think it bears repeating. What’s wrong with the average patient-physician-insurance company relationship that’s common …