It’s the Price Stupid is the title of a seminal paper in Health Affairs that concluded that the United States pays more for health care and receives less than in other developed countries.
It is also a theme resurrected by Alec MacGillis in a Washington Post article last week.
The argument goes like this. The United States pays more for health care than anywhere else on the planet, as much as 50% more than the average for other developed countries.
Yet we get fewer services; fewer physician visits, fewer hospital admissions, fewer days in the hospitals. It doesn’t take a Ph.D. statistician to conclude that we are paying too much per unit of care.
But does health care reform fix it?
To MacGillis cost controls means price control. Continue reading