Saturday, September 20, 2008

Medical Care and Market Forces

Two worthwhile readings on the subject of how medical care affects and his affected by market forces.
Here's an abstract of a Harvard study examining the role of medical costs in home foreclosures. Given the current crisis on Wall Street, it's understandable that unrealistic consumer debt, bad loans and shifty lending practices are under the microscope. Health care costs continue however to be an important factor in home foreclosures.
Next I recommend a column by John Geyman titled Market Mythology in Health Care. Geyman analyzes the rationale for believing that the market is a reliable corrective for problems in our health care system. He is himself a physician who served as Chairman of the Department of Family Medicine at the University of Washington from 1976-1990. More recently he has authored several books on the state of health care in the US.


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