Tag Archives: capitation

Mass. health costs still soar, NY Times spreads fallacy about fee-for-service health care

The fundamental problem in health care is not that we are using too much of one payment mechanism (e.g. fee-for-service) and too little of another. The problem is that the person who benefits from the service is not the same as the person who pays the bill. Continue reading

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No surprise in Massachusetts: Central planning still fails

The Dec. 11 Associated Press article about health care in Massachusetts illustrates why central economic planning will always fail. As Nobel laureate Friedrich Hayek wrote: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” Continue reading

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Medicare’s “global budget” & bureaucratic medical decisions

From the Wall Street Journal: Democrats are quietly attempting to impose a “global budget” on Medicare, with radical implications for U.S. medicine. … If Democrats impose such a commission nationwide, it would constitute a radical change in U.S. health care. … Continue reading

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