Unfortunately, both sides are pursuing the wrong goals. The pursuit of one form or another of third-party payment for health care services has removed most incentives for consumers to be careful about how they spend money.
Many people regard the welfare state as a great achievement. Yet few recognize that the larger the welfare state becomes, the more the beneficiaries themselves must bear the costs. The beneficiaries must pay for what they receive, and they also bear the administrative expenses and must pay for the rent-seeking of special interest groups that exploit the system for their own benefit.
Bizarre prescription drug names emerge from the perfect storm that can only be created when complex government regulation, big corporations, and high-priced consultants come together.
Research Reports - 05/05/2008
Price Inflation is Costing More than the Government Claims
Business Cycle Conditons
Research Reports - 06/04/2007
Research Reports - 2005, Issue: 05