Friday, January 21, 2011

Healthcare - File under "Captain Obvious"

Matt Ygelsias called my attention to this story out of Vermont, where Harvard healthcare economist William Hsiao was hired by the Vermont legislature to find new designs for Vermont's healthcare system.  Hsiao has offered a single-payer system.  Hsiao outlined in the report that, "getting one entity to process claims, reforming medical malpractice and taking other steps would save $2.1 billion in health spending by 2025."  My initial thought was "Well, duh."  I then rolled my eyes and tossed my hair back dismissively.

1 comment:

Colin said...

How is this obvious? Why does it stand to reason that "single payer" -- a weird euphemism for government-run -- would save money? Are government-operated monopolies more efficient than competitive markets?