Healthcare

A Small Victory

The U.S. House Energy and Commerce Health subcommittee approved a small change this week in the Affordable Care Act that is a victory for insurance companies. Although many health advocates illustrate insurance companies as the big bad wolf in American healthcare, they are a vital business in the market for better health. Under the Affordable … Continue reading

Healthcare

The CDHP Premium Difference

Individuals switch to consumer directed health plans (CDHP) in an effort to save money, and to have an insurance plan that accurately reflects their risk aversion and actuarial value. Such plans are cost effective for individuals with low risk of catastrophic (high cost) events because the plans are generally offered in connection with higher deductibles … Continue reading

Healthcare

Less Is Often More

In the blame game of who is responsible for our broken healthcare system, society often sees the government and insurance companies as the institutions responsible for creating fragmentation and driving up health care costs.  While they certainly are part of the equation, we can also point the finger at a number of parties. Hospitals, the … Continue reading

Healthcare

The Romney Medicare Plan

Medicare spending is out of control. A key reason is that the government is inefficiently shoving its clumsy hand across the program, demonstrating a failure to understand the power of the free market. When individuals feel an inaccurately small marginal cost for a good, they purchase too much of that good. Too much medical care? … Continue reading