Friday, November 16, 2012

Incentives in Medicine.

First off, I do not believe in any type of socialism due to the incentive structure. Morals and ethics are not quantifiable, so mathematically, it is completely about incentives. Everyone has a bias, especially if they say that they do not. Now, with my bias out of the way...

Reason has this on medicine:
http://reason.com/archives/2012/11/15/the-obamacare-revolt-oklahoma-doctors-fi

I know first-hand that this is completely true. My daughter arrives sometime at the end of Q1, and the OGBYN told me that the total cost would be $22k. I responded that I do not have insurance, but I could pay for all services up front. Not including ultrasounds, the total cost was:
$2800 USD
That's not including ultrasounds, that went from $300 under insurance to $125. This means that I get more than 70% off one service, and more than 50% off another.

Another thing is that even if you have health insurance, there's not a reason for a doctor to take it. I say fire all of the government compliance and paper pushers.

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