Priceless: Curing the Healthcare Crisis (Independent Studies in Political Economy)

Priceless: Curing the Healthcare Crisis (Independent Studies in Political Economy)

John C. Goodman

Language: English

Pages: 392

ISBN: 1598130838

Format: PDF / Kindle (mobi) / ePub


In the groundbreaking book Priceless, renowned healthcare economist John Goodman reveals how patients, healthcare providers, employers, and employees are all trapped in a dysfunctional, bureaucratic, healthcare system fraught with perverse incentives that raise costs, reduce quality, and make care less accessible. Unless changed, these incentives will only worsen the problems in the coming months and years. He demonstrates how market forces have been driven out from the American healthcare system, making it nearly impossible to solve problems as effectively or efficiently as in virtually every other type of consumer marketplace. Goodman cuts through the politics to think "outside the box" and propose dozens of bold and crucial innovations that, if adopted, would enable caregivers, entrepreneurs, and patients to use their knowledge and creativity to create access to low-cost, high-quality healthcare.

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top thinkers in healthcare policy. His new book, Priceless, will be an important resource for policy makers in Washington and around the country.” —Kay Bailey Hutchison, US Senator (R-TX) About the Independent Institute THE INDEPENDENT INSTITUTE is a non-profit, non-partisan, scholarly research and educational organization that sponsors comprehensive studies in political economy. Our mission is to boldly advance peaceful, prosperous, and free societies, grounded in a commitment to human

disability insurance? Homeowner's insurance? Auto casualty insurance? Auto liability insurance? What about retirement insurance? (A pension or savings plan.) Do you care whether I keep my money at an FDIC-insured institution? Or whether I bought an extended warranty on my car? Or whether I bought travel insurance before taking a scuba-diving trip to Palau? (It pays off if you get sick and can't go.) There is actually a rational reason (based on economics) why you should care about some

have surveyed all the relevant literature? So what's not to like? A lot, it turns out. Think about the calendar you keep on your laptop or your cell phone. It's probably an invaluable aide to help you organize your life. Now suppose that instead of being your servant, the calendar becomes your master. What if there were a rule that says you can't do anything during the week unless it is on the calendar by Sunday. Call this “calendar-based scheduling.” Instead of being an aide, the calendar would

continue on the path we are currently on, healthcare will crowd out all other forms of consumption by about midcentury. When today's young people reach retirement age, they will have nothing to eat, nothing to wear, and no place to live. But they will have an enormous amount of healthcare. Clearly, that's not where anyone wants to end up. Long before healthcare spending crowds out every other form of consumption, it will threaten to bankrupt the federal government and most state and local

advantage of concierge doctor services. Compass of Dallas is a firm that specializes in helping people with high-deductible insurance wade through the complexities of the medical marketplace. For example, the company “will search for the least expensive hospital or facility for a given procedure, find doctors who best suit a patient's wants and needs, screen for best outcomes and the fewest lawsuits, set up appointments, make sense of bills and challenge questionable ones.” “If we find mistakes,

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