Description
America's health care troubles largely stem from a great success: modern medicine can do much more today than in the past. So what's the trouble? How to pay for it. In easily comprehensible prose, MIT-trained economist Arnold Kling explains better ways of financing health care for the poor, workers, the disabled, and the elderly. Kling predicts relying less on government and more on private savings would improve health outcomes. A must-read for health care reformers.
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Writing for non-economists, Kling (a former economist with the Federal Reserve Board and Freddie Mac) outlines his proposals for healthcare funding in the United States. He outlines, in great detail, a market-oriented approach that would be based on a greater reliance on private saving, market innovation, and cost/benefit analysis. His solution would reduce government spending from 40 to 13 percent and increase out-of-pocket payments from 19 to 56 percent of health spending. This move toward personal responsibility for healthcare, he demonstrates, could eliminate waste and contain healthcare costs. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)
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