Thursday, June 9, 2011

The View of US Healthcare from The Economist

link here to article

It takes the foreign press to teach us about rising healthcare costs. This article makes two important points. Insurance company marketing is an unnecessary expense and so is marketing by providers to consumers. It also points out that provider marketing is often directed to insurers who make the decisions about what procedures and treatments to fund. Our system is inefficient because it is based upon a half baked market model and it opposes any efforts to introduce real cost controls.

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