Are Large Hospitals the Problem with US Healthcare?

Source: Ludwig von Mises Institute
by Dale Steinreich

“The ‘method struggle’ in healthcare that is actually occurring is over how to best treat the sector’s economic malfunctions: high and volatile costs, costly access, exorbitant insurance premiums and high deductibles, pricey and too tightly controlled prescription drugs. The mainstream health economics and policy approach is to ignore the supply-and-demand factors that led to each of these problems and propose new interventions to alleviate them. A second approach is to examine the state of the industry before these malfunctions arose, analyze what led to each one of them over time, and then base reform on the resulting facts and knowledge.” (03/07/23)