Tuesday, June 26, 2007

The Obstacles to Health Care Reform
Mike Rappaport

Arnold Kling applies economist Douglas North's views to health care reform.  The bottom line is that health care reform is blocked by people's beliefs about what is appropriate in this area.  In particular, Kling discusses the view that doctors should be highly compensated and that there should be no rationing of health care.  Quite interesting.

https://rightcoast.typepad.com/rightcoast/2007/06/the-obstacles-t.html

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Mike Rappaport
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Comments

That is encouraging. There is no doubt in my mind that high wages are not a factor in high heath-care costs. If a doctor made $200 an hour and billed forty hours a week, that's $1,600 a day, 400k a year. The verage visit is ten or twenty minutes. It's not a factor. It's not even a factor at an hour, unless you are dating your doctor.

Posted by: james wilson | Jun 28, 2007 9:21:26 AM