Sunday, January 19, 2014

Daily Show: The Economics of Healthcare System--Can It Be A Free Market? Brill and Stewart Talk.

Daily Show: The Economics of Healthcare System--Can It Be A Free Market? Brill and Stewart Talk. 
According to Steven Brill. No.

WHY? 
Healthcare Market king of PRICE Controls.

Steven Brill: There is "no balance between the buyer and seller." There is "no knowledge."

How? 
Monopolies due to companies' drug patents, and hospitals (varies in location) control the medical care in blocks. Doctor's prescribe/diagnose which is usually the extent of patient's knowledge. 

Whether pro or anti Obamacare, what is important is understanding the current Healthcare Market.

Meaning $$ Flow to and fro taxpayers, insurances, hospitals, and physicians.
Steven Brill: "We are the only country in the world that insists  on the notion that there can be a free market. Everybody else has tried something else. And, it works better--they get better healthcare results at a much lower cost."
Steven Brill wrote an article on TIME Magazine: Bitter Pill--Why Medical Bills are Killing Us. (PDF)

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