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Crisis of Abundance: Rethinking Healthcare Payment Solutions | Health Policy Book for Medical Professionals & Students | Perfect for Policy Debates & Healthcare Reform Discussions
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Crisis of Abundance: Rethinking Healthcare Payment Solutions | Health Policy Book for Medical Professionals & Students | Perfect for Policy Debates & Healthcare Reform Discussions Crisis of Abundance: Rethinking Healthcare Payment Solutions | Health Policy Book for Medical Professionals & Students | Perfect for Policy Debates & Healthcare Reform Discussions
Crisis of Abundance: Rethinking Healthcare Payment Solutions | Health Policy Book for Medical Professionals & Students | Perfect for Policy Debates & Healthcare Reform Discussions
Crisis of Abundance: Rethinking Healthcare Payment Solutions | Health Policy Book for Medical Professionals & Students | Perfect for Policy Debates & Healthcare Reform Discussions
Crisis of Abundance: Rethinking Healthcare Payment Solutions | Health Policy Book for Medical Professionals & Students | Perfect for Policy Debates & Healthcare Reform Discussions
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In Crisis of Abundance: Rethinking How We Pay for Health Care, economist Arnold Kling argues that the way we finance health care matches neither the needs of patients nor the way medicine is practiced. The availability of premium medicine, combined with patients who are insulated from costs, means Americans are not getting maximum value per dollar spent. Using basic economic concepts, Kling demonstrates that a greater reliance on private saving and market innovation would eliminate waste, contain health care costs and improve the quality of care. Kling proposes gradually shifting responsibility for health care for the elderly away from taxpayers and back to the individual. The idea of matching the health care funding system to needs is very simple, Kling writes. The very poor and the very sick need help paying for health care. The rest of us do not.
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If you've ever wondered why health care is so expensive in America, Kling will fill you in. Despite what many of us believe(d), it's not because of greedy pharmas or wasteful paperwork - as Kling shows, those ideas just don't hold water to explain the obscene cost hikes in recent years. Kling makes a great case that what has caused our problems is what he calls "premium medicine" - or health care spending whose cost exceeds its benefit.As for solutions to our problems, Kling does a good job of unraveling many of the claims made by single-payer advocates, most notably that they can control costs without reducing benefits.And when it comes to his own solutions, I found them to be very sensible (although I think he deliberately keeps them general). For example, he proposes keeping the government involved in funding health care, but ONLY for the poor and chronically ill (unlike in its current form where it also funds the elderly rich). This idea is so sensible - and seems to appeal to those on both sides of the aisle - that I'm surprised we haven't already done it.All in all, well worth the read. Even if you generally don't like libertarian solutions to today's problems, I think you'll find Kling's book very easy to read, with far less ideology than in most other books on anything as controversial as health care.

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