Have you ever consulted Dr. Google? When I first began researching Internet-based medicine 25 years ago everyone was amazed that something like 100 million people per year were searching the Internet for health information. It is hard to overstate the importance of the Internet to learn more about one’s own health conditions. In the early days doctors hated it. Articles appeared in medical journals lamenting all the misinformation patients would encounter and the waste of doctors’ time discussing or refuting what their patients found. Looking back these fears seem ludicrous. Respected health care systems, like Mayo Clinic and Cleveland Clinic, sponsor websites that provide basic but useful information about health and medicine.
Author: Devon Herrick
Insurers are Marking Up Drugs that Should be Cheap
Why do people buy health insurance? The most often cited reason is to transfer the risk of illness to a third party by paying a premium. University of Minnesota economist John Nyman has studied this for many years. He argues that people buy health insurance as an income transfer in the event they become sick. People who are ill often lose their income and health insurance pays a benefit that patients would use their income on. A commenter on the NCPA Health Blog a few years ago said he believed that people buy health insurance for the negotiated discounts. That makes a lot of sense.
Why Health Care is Not Competitive and How to Fix It
Technology is a significant driver of high health care spending. For instance, many treatments common today were not available 50, 40 or even 30 years ago. There are far more drugs and medical procedures than there were in the 1990s when I first began studying health care. Yet, treatments and therapies that have been in use for decades are still quite expensive. In typical consumer markets, the quality of technology gets progressively better while the inflation-adjusted prices often falls as older technology is surpassed by newer technology. This is especially true of consumer electronics but also true of automobiles, appliances and other types of consumer goods.
Why It’s So Hard to Find a Primary Care Physician
Years ago I had a great primary care physician. One day I drove to his office and saw him assisting an elderly man walk to his car. Dr. Ingram could have asked his nurse to assist the patient. He could even have ignored the frail patient’s unsteady gait and let him fend for himself. Yet, Dr. Ingram personally helped his elderly patient make it to his car. That impressed me immensely. Not only did he treat the man’s health complaint, he made sure his patient got safely out of the office and on his way home. Nobody paid him for that, he did it out of his desire to help people.