Wednesday, June 06, 2007
Silver Bullets in Health Care
One of the obnoxious features in the debate about health care is the notion of silver bullets whether it be preventative care or information technology. These things may in fact improve health outcomes though I am skeptical that they will ultimately achieve significant cost savings. If we want to achieve cost savings there are a very limited number of options- increased coinsurance- i.e. you pay more for your treatments, limiting treatment through qeueing and rationing or like HMOs did (until government intervened), battering suppliers (doctors and big Pharma). That's your toolkit. None are popular but that's what you got.