Get flash to fully experience Pearltrees
A major report from the influential Institute of Medicine revealed Friday that America's health-care system wastes $750 billion every year—or about a third of every dollar spent. The waste mostly comes from unnecessary treatments, fraud, and complicated paperwork. "Yet American health care is falling short on basic dimensions of quality, outcomes, costs, and equity," the report concluded.
Click photo to view more images. (Jacquelyn Martin/AP) The Supreme Court took a step closer Monday to ruling on the constitutionality of President Barack Obama's landmark health care law, with the justices giving no outward sign that they were inclined to sidestep the bitterly contentious issue ahead of the November elections. As hundreds of demonstrators marched and chanted outside the templelike court building a stone's throw from Congress, the nine black-robed justices heard roughly 90 minutes of argument. Monday's hearings focused on whether the monetary penalty imposed on those who do not purchase insurance is a "tax." Under the Anti-Injunction Act, individuals must pay a tax before they can challenge it in court. This would require the court to hold off ruling on the law until it is in full effect in 2015.
It turns out that electronic medical records may not reduce health care spending (see Lohr & Kliff ) for the very sensible reason that when you make it cheaper and easier to order and analyze tests, medical professionals grow more inclined to order tests. It's kind of a health care version of the energy efficiency rebound effect , when you make it cheaper to keep your home comfortably warm in the winter people grow more inclined to crank up the heat rather than wear a thick sweater inside. The difference is that once you reach a certain level of affluence your house is warm enough and you find yourself sated.
Welcome visitors from Buzzfeed, Hot Air, Talking Points Memo, The Huffington Post, The Gateway Pundit, and yes… even The Blue Mass Group. Here is our response to the manufactured controversy about the op-ed below. While you are here may we suggest you also check out our extensive research on RomneyCare which can be found here: RomneyCare – The Truth about Massachusetts Health Care There is also a quote there by Ronald Reagan which is sure to be of interest. This opinion article by Mitt Romney appeared in USA Today on 07/30/2009. It is entitled Mr.
Blog Contributors Ezra Klein Ezra Klein is the editor of Wonkblog and a columnist at the Washington Post, as well as a contributor to MSNBC and Bloomberg. His work focuses on domestic and economic policymaking, as well as the political system that’s constantly screwing it up.
View full graphic There is a simple reason health care in the United States costs more than it does anywhere else: The prices are higher. That may sound obvious. But it is, in fact, key to understanding one of the most pressing problems facing our economy.