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Keyword: miltonfriedma

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  • How to Cure Health Care (the unique wisdom of the late Milton Friedman)

    09/09/2009 2:15:19 PM PDT · by SE Mom · 8 replies · 681+ views
    Hoover Institution ^ | Winter 2001 | Milton Friedman
    ...Third-party payment has required the bureaucratization of medical care and, in the process, has changed the character of the relation between physicians (or other caregivers) and patients. A medical transaction is not simply between a caregiver and a patient; it has to be approved as "covered" by a bureaucrat and the appropriate payment authorized. The patient—the recipient of the medical care—has little or no incentive to be concerned about the cost since it’s somebody else’s money. The caregiver has become, in effect, an employee of the insurance company or, in the case of Medicare and Medicaid, of the government. The...
  • How to Cure Health Care By Milton Friedman

    01/26/2008 5:59:10 PM PST · by K-oneTexas · 17 replies · 410+ views
    Hoover Institution ^ | Winter 2001 | Milton Friedman
    2001 No. 3 Table of ContentsHEALTH CARE:How to Cure Health Care By Milton FriedmanThe United States spends a mind-boggling percentage of its GDP on a health care system that virtually everyone agrees is a disaster. Is there any way out of this mess? There is—and Hoover fellow Milton Friedman has found it. Since the end of World War II, the provision of medical care in the United States and other advanced countries has displayed three major features: first, rapid advances in the science of medicine; second, large increases in spending, both in terms of inflation-adjusted dollars per person and the...