Improving the American Health System: Moving from Inglorious Socialism to the Free Market
14 Pages Posted: 3 May 2013 Last revised: 12 May 2013
Date Written: May 1, 2013
In this essay we present three simple but powerful changes in our health care system that should be implemented as soon as possible – especially as these changes will drive numerous other beneficial changes. These three changes start with the acceptance of free market principles, and includes 1) the use of transparent market prices, 2) alignment of incentives, and 3) systematic assessment and ratings of quality. The sooner we move in that direction, the better it will be for the health and economy of the US.
Keywords: Health Care Economics, Healthcare System Reform, Pricing, Quality, Incentives
JEL Classification: I10, I11, H42
Suggested Citation: Suggested Citation