The Fee Hand of the Market 1
The Brits, seduced by market ideology, which claims that adding marketeers into the mix is always better, have been experimenting with their health care system.
It’s not working. Service is deteriorating, costs are increasing, and the extra money is ending up in the pockets of the marketeers.
The business lobby insists that this is all part of the necessary birthing process of the market, but this grand design will turn us into consumers of healthcare, creating ever greater demand. Couple this problem with the fact that private investor-owned firms are profit maximisers, not cost minimisers, and you have a recipe for spiralling healthcare costs. The $2.6 trillion US healthcare system is a great example of this combination.
March 16, 2010 at 8:20 am
Surely they aren’t going to follow our example of “what not to do” when it comes to medical care.
They really should leave well enough alone.