... medicine is a highly dysfunctional market. There are many and sufficient reasons for this: getting your heart fixed is not the same as getting your car fixed. You can always take your car to a different mechanic, and, at worst, you can trade your failing car for a new one. A patient with 3-vessel coronary disease has fewer options. ... The study also suggests why this particular market works so poorly: “cardiac services contribute 25 percent to 40 percent of a hospital’s net revenues.” ... We pay too much for cardiac services, so we get too many of them.
torsdag 1. september 2011
Forskjellen på et hjerte og en bil
A US health specialist argue that competition in the health market does not work. The main example: cardiac services. There is little price competition, high profit, too many interventions and not enough focus on alternative treatments. The solution: Pay for value, not volume, change incentives for physicians. In their own words:
Feel free to agree and disagree. More here: The Cost of Medicare: You Get What You Pay For | Care And Cost