Crisis of Abundance: Rethinking how We Pay for Health Care
- ISBN-10
- 1930865899
- ISBN-13
- 9781930865891
- Category
- Business & Economics
- Pages
- 110
- Language
- English
- Published
- 2006
- Publisher
- Cato Institute
- Author
- Arnold S. Kling
Description
In Crisis of Abundance: Rethinking How We Pay for Health Care, economist Arnold King warns that no health care system is perfect. Under the status quo, Americans are not getting maximum value per dollar spent. A government solution is likely to require rationing to a degree unacceptable to many Americans. However, a market-oriented approach would require consumers to take greater personal responsibility for health care decisions and expenses. Kling outlines an approach for increased consumer responsibility, with fewer expenses paid by third parties.
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