Occasionally, one of our more free market economists in academe latches onto an idea that moves us away from collectivism. Unfortunately, the impact is usually marginal. Such an idea is “reference pricing,” or competitive pricing…
Topic: health care spending
Health Care Rationing, from a Professor’s Perspective
It’s really dangerous, for patients anyway, when policy wonks decide what type of health care is necessary. “In popular understanding, rising health-care spending is often viewed as an inevitable consequence of advances in medical technology,…