Why is it so expensive?
Healthcare in America generates a myriad of emotions when discussed but, the one thing everyone can agree on is that it is becoming VERY expensive! Below are some Lectures, Videos, Articles and Journals that can help shed some light on the areas that are causing America’s Healthcare to become ever more expensive.
THE FREE MARKET WORKING FOR A SOLUTION
Three years ago, Dr. Keith Smith, co-founder and managing partner of the Surgery Center of Oklahoma, took an initiative that would only be considered radical in the healthcare industry: He posted online a list of prices for 112 common surgical procedures. The 51-year-old Smith founded the Surgery Center 15 years ago, after they became disillusioned with the way patients were treated at St. Anthony Hospital in Oklahoma City, where the two men worked as anesthesiologists. In 1997, Smith and Lantier bought the shell of a former surgical center with the aim of creating a for-profit facility that could deliver first-rate care at a fraction of what traditional hospitals charge.
The major cause of exploding U.S. healthcare costs is the third-party payer system, a textbook concept in which A buys goods or services from B that are paid for by C. Because private insurance companies or the government generally pick up most of the tab for medical services, patients don’t have the normal incentive to seek out value.
The Surgery Center’s consumer-driven model could become increasingly common as Americans look for alternatives to the traditional health care market—an unintended consequence of Obamacare. Patients may have no choice but to look outside the traditional health care industry in the face of higher costs and reduced access to doctors and hospitals.
THE AMERICAN MEDICAL ASSOCIATION
The American Medical Association (AMA) was founded in 1847 around two propositions: one, all doctors should have a “suitable education” and two, a “uniform elevated standard of requirements for the degree of M.D. should be adopted by all medical schools in the U.S.” While these twin ideals are excellent, the truth about the AMA is not as pristine as some might think: building a government-enforced monopoly for the purpose of dramatically increasing physician incomes. It eventually succeeded, becoming the most formidable labor union on the face of the earth.
THE HEALTH-INSURANCE MARKET IS NOT FREE
So many people make the mistake of blaming the free market for the problems in the American Healthcare System’s shortcoming. Despite what many people think, however, the healthcare industry here in America is anything but a free-market.
“Health Economics” (MP3) by Walter Block (Time: 1 Hour)
“Economics of Risk and Insurance: From Healthcare to Welfare” (MP3) by Hans-Hermann Hoppe (Time: 1 Hour)
ADDITIONAL READING: ARTICLES AND JOURNALS
This is a healthcare reading list so as to help the concerned citizen understand how we got where we are in healthcare in this country, and where we are headed if we continue down this path.
“Government Medical ‘Insurance’ by Murray Rothbard
“Hospital of Cards” by Andrew Foy, MD
“The Economics of US Healthcare” by Gilbert G. Berdine, MD
“The Medical Marketplace, Free and Unfree” by Andrew Foy, MD
“How The Experts Are Wrecking Healthcare” by Andrew Foy, MD
“What’s Really Wrong with the Healthcare Industry” by Vijay Boyapati
“Healthcare Intervention: The Bigger Picture” by Doug French
“New Regulation Will Destroy the Insurance Market” by Eric M. Staib
“Obamacare is a Devastating Tax on the Working Class” by Eric M. Staib
“A Petition from Producers of Everything Connected with Healthcare” by D.W. MacKenzie
“Will Preventative Care Control Costs” by Eric M. Staib
“Healthcare and Insurance on a Desert Island” by Gilbert G. Berdine, M.D.
“American Healthcare Fascialism” by Thomas J. Dilorenzo
“Can Government Fight Epidemics?” by Eric M. Staib
“No Such Thing as a Free Flu Shot” by Malte Tobias Kahler
“The Wall Street Journal Defends the Predator State” by Robert P. Murphy
“Malpractice on the Market” by Eric M. Staib
“Understanding the Costs of Healthcare” by D.W. Mackenzie
“Is Emergency Care a Failed Market?” By Eric M. Staib
“Involuntary Medical Servitude” by Maria Martins
“What Soviet Medicine Teaches Us” by Yuri N. Maltsev
“The Real Right to Medical Care versus Socialized Medicine” by George Reisman
“Universal Coverage Means Suppressing Human Choice” by Eric M. Staib
“Socialized Healthcare vs. The Laws of Economics” by Thomas J. DiLorenzo
“Why Obamacare Can’t Work: The Calculation Argument” by Gabriel E. Vidal
“Private-Sector Health Care Leads the Way” by Chris Brown
“The Relentless Process of Socializing Health Care” by D.W. Mac Kenzie (Also in MP3)
“Why is Medical Care so Expensive” by Hans F. Sennholz
“How Medical Boards Nationalized Health Care” by Henry Jones
“Real Medical Freedom” by Dale Steinreich
“100 Years of Medical Robbery” by Dale Steinreich
“Health Care for All” by Christopher Mayer
“Health Care Interventionism: A Case Study” by Christopher Westley
“Bad Medicine or Bad Economics?” by William L. Anderson
“Canadian Health Care” by “Lucretius”
“Why Health Insurance?” by Robert Blumen
“Socialized Medicine, Take Two” by Jeffrey Herbener, The Free Market
“Socialized Medicine in America” by Timothy D. Terrell, The Free Market