Single payer’s magic has historically worked via just a few channels: 1. Some amount of monopsony allows the government to bid down medical services below market rates. 2. Political imperatives lead to lower training burdens, lower staffing ratios, and lower certainty in diagnosis and treatment. 3. Obfuscation of possible alternatives diminishes demand for costlier care. […]

The post From the comments, on single payer appeared first on Marginal REVOLUTION.

Comments In reply to steve. You need to source that claim, and provide ... by JonFraz * In reply to steve. The United States spends significantly ... by Kobi * This is how you reform health care: ... by Abelard Lindsey * In reply to Mark Z. aspects not elects. by Mark Z * In reply to Hazel Meade. This can be said for almost any ... by Mark Z * Plus 10 more... Related Stories* The Quantity Theory of Money is underrated * My Conversation with Byron Auguste * The Martha’s Vineyard saga