Healthcare is so expensive because you don't pay for it yourself

Source: Heartland Institute
by Greg Scandlen

"Almost everyone involved in health care will tell you that the greatest problem in our system is that we pay on a fee-for-service basis. Almost everyone is wrong. The logic is obvious: paying a fee for a service encourages providers to get more fees by providing more services. Ergo, we consume too much and spend too much. Ipso facto, getting rid of fee-for-service would result in fewer services and less spending. Case closed. Well, maybe not. In fact, almost everything we do in the course of our economic lives, we do on a fee-for-service basis. When we go to the movies, get our oil changed, have our roof replaced, buy a computer, get a haircut, hire a babysitter, buy a steak dinner, get someone to do our taxes or defend us in a suit, we do it on a fee-for-service basis. None of it is particularly inflationary. … What is unique about health care is not fee-for-service, but third-party payment. Only in health care is someone else picking up the tab for our spending." (09/18/17)

http://blog.heartland.org/2017/09/health-care-is-so-expensive-because-you-dont-pay-for-it-yourself/

  • dL

    Healthcare is so expensive because you don't pay for it yourself

    that's part of it…but it ain't all of it…