Why is Health Care So Damned Expensive, and Is There a Solution?
In an era when government seeks to control outcomes and "solve" all of our problems, when these attempted solutions most often lead to distorted incentives and detrimental unintended consequences, I (along with many others elsewhere) propose solutions that rely on ourselves as functional human beings and rational individuals to the extent possible. In my essay, “Why is Health Care So Damned Expensive,and Is There a Solution?”, I offer ideas and supportive evidence.

Of course, this is a highly complicated topic and deeply divisive as it touches on very subjective belief systems, as well as observable outcomes. One's views on this subject will be heavily influenced by one's politics, moral definitions, religious thought and basic concept of man. We find ourselves at a crossroads in medical financing and delivery: increasingly socialized and centrally-planned versus patient (consumer) driven by putting the control of the health care dollar in the hands of those that earn it, restoring market incentive structures for cost and quality control, and rediscovering what is the patient-physician relationship by extracting the legions of third parties. I point out why there has not been a free market in health care since at least the 1940s and offer a clear plan to improve the system and its outcomes.

If I could place my essay here for free, I would, because I'm not interested in making any money on this. These ideas are the cumulation of years of thought, interest and reading. My only goal is to spread the concepts of free markets with some examples and my own experience as a doctor. Please read, and better yet, check out the many references I cite within the paper.
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Why is Health Care So Damned Expensive, and Is There a Solution?
In an era when government seeks to control outcomes and "solve" all of our problems, when these attempted solutions most often lead to distorted incentives and detrimental unintended consequences, I (along with many others elsewhere) propose solutions that rely on ourselves as functional human beings and rational individuals to the extent possible. In my essay, “Why is Health Care So Damned Expensive,and Is There a Solution?”, I offer ideas and supportive evidence.

Of course, this is a highly complicated topic and deeply divisive as it touches on very subjective belief systems, as well as observable outcomes. One's views on this subject will be heavily influenced by one's politics, moral definitions, religious thought and basic concept of man. We find ourselves at a crossroads in medical financing and delivery: increasingly socialized and centrally-planned versus patient (consumer) driven by putting the control of the health care dollar in the hands of those that earn it, restoring market incentive structures for cost and quality control, and rediscovering what is the patient-physician relationship by extracting the legions of third parties. I point out why there has not been a free market in health care since at least the 1940s and offer a clear plan to improve the system and its outcomes.

If I could place my essay here for free, I would, because I'm not interested in making any money on this. These ideas are the cumulation of years of thought, interest and reading. My only goal is to spread the concepts of free markets with some examples and my own experience as a doctor. Please read, and better yet, check out the many references I cite within the paper.
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Why is Health Care So Damned Expensive, and Is There a Solution?

Why is Health Care So Damned Expensive, and Is There a Solution?

by Todd Rice
Why is Health Care So Damned Expensive, and Is There a Solution?

Why is Health Care So Damned Expensive, and Is There a Solution?

by Todd Rice

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Overview

In an era when government seeks to control outcomes and "solve" all of our problems, when these attempted solutions most often lead to distorted incentives and detrimental unintended consequences, I (along with many others elsewhere) propose solutions that rely on ourselves as functional human beings and rational individuals to the extent possible. In my essay, “Why is Health Care So Damned Expensive,and Is There a Solution?”, I offer ideas and supportive evidence.

Of course, this is a highly complicated topic and deeply divisive as it touches on very subjective belief systems, as well as observable outcomes. One's views on this subject will be heavily influenced by one's politics, moral definitions, religious thought and basic concept of man. We find ourselves at a crossroads in medical financing and delivery: increasingly socialized and centrally-planned versus patient (consumer) driven by putting the control of the health care dollar in the hands of those that earn it, restoring market incentive structures for cost and quality control, and rediscovering what is the patient-physician relationship by extracting the legions of third parties. I point out why there has not been a free market in health care since at least the 1940s and offer a clear plan to improve the system and its outcomes.

If I could place my essay here for free, I would, because I'm not interested in making any money on this. These ideas are the cumulation of years of thought, interest and reading. My only goal is to spread the concepts of free markets with some examples and my own experience as a doctor. Please read, and better yet, check out the many references I cite within the paper.

Product Details

BN ID: 2940014767101
Publisher: Todd Rice
Publication date: 06/11/2012
Sold by: Barnes & Noble
Format: eBook
File size: 106 KB

About the Author

Todd Rice is a board-certified, physician anesthesiologist practicing in Arlington, TX. He enjoys racquetball, homebrewing beer, travel, political dissidence and dispelling myths of all sorts. The liberty-minded may reach him at or follow his efforts at his mtoddrice facebook page.
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