Fallacy watch: containing health care spending vs. health care costs
Don’t confuse controlling health care costs with controlling spending. A government health plan can contain spending by refusing to pay for life-saving treatments, but this would impose great costs. Continue reading
Debunking claims touting Medicare’s low admin costs & ability to keep prices low
Can Medicare “use its monopsony (single-buyer) power to suppress provider fees”? Does it have lower administrative costs than commercial health plans? Is Paul Krugman right that its per-capita spending has increased more slowly than commercial health plans? No.
