no third solution

Blogging about liberty, anarchy, economics and politics

The Costs of Healthcare

July 2nd, 2007

From The Economist, via InsuranceNewsNet.com:

A recent study concludes

[T]hat the overall benefit to society of $170 billion per year delivered by [medical torts; the Food and Drug Administration (FDA); insurance regulation; and the certification of both health professionals and health facilities] was far outweighed by the $339 billion in annual costs that it imposed. Even ignoring the cost of big federal tax breaks for employer-sponsored health insurance (which Mr Conover left out), his study estimated that the net cost of America’s health regulations resulted in perhaps 4,000 extra deaths each year and was responsible for more than 7m Americans’ lacking health insurance.

Just some food for thought…

no third solution

Blogging about liberty, anarchy, economics and politics