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by Jabanga
3281 days ago
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The cost disease can't be cured gracefully, for too many people have a vested interest in maintaining the delusion that government is not inefficient. The source of the cost disease is the growing control of government over sectors of the economy. In education: https://academic.oup.com/qje/article-abstract/111/3/671/1839... In healthcare, the cost disease began when Medicare programs began being created around the world. Even within sectors, we see the pattern. For example, the two fields of medicine which have seen the least cost growth are cosmetic [1] and laser eye surgery. Not only have costs risen the least, but the quality of some procedures in these fields has improved tremendously over the last two decades. Both are electives, so there are fewer mandates requiring that they be covered by insurance and fewer redistributive programs to subsidise them. [1] http://healthblog.ncpa.org/wp-content/uploads/2013/06/HA1-06... |
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