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More About This Textbook
Overview
In the groundbreaking book Priceless, renowned healthcare economist John Goodman reveals how patients, healthcare providers, employers, and employees are all trapped in a dysfunctional, bureaucratic, healthcare system fraught with perverse incentives that raise costs, reduce quality, and make care less accessible. Unless changed, these incentives will only worsen the problems in the coming months and years. He demonstrates how market forces have been driven out from the American healthcare system, making it nearly impossible to solve problems as effectively or efficiently as in virtually every other type of consumer marketplace. Goodman cuts through the politics to think "outside the box" and propose dozens of bold and crucial innovations that, if adopted, would enable caregivers, entrepreneurs, and patients to use their knowledge and creativity to create access to low-cost, high-quality healthcare.
What People Are Saying
Mitch Daniels
John Goodman has long been the clearest and most insightful healthcare thinker we have...it's time we acted on his common sense, fact-based wisdom in Priceless.—Mitch Daniels, Governor of Indiana
Peter R. Orszag
There's no question that today's healthcare system is littered with distorted incentives and what John Goodman calls dysfunctionality. Priceless is a call to arms to do something about it.—Peter R. Orszag, former Director, Congressional Budget Office
Gail R. Wilensky
John Goodman, widely known as the father of health savings accounts, is as provocative and controversial as ever in his book, Priceless . . . interesting for all who have been frustrated in their search for a workable solution to our healthcare woes.—Gail R. Wilensky, former Administrator, Centers for Medicare and Medicaid Services
Uwe E. Reinhardt
If liberal commentators wish to sharpen their claws, there is no better stone on which to do it than John Goodman's book Priceless.—Uwe E. Reinhardt, James Madison Professor of Political Economy, Princeton University
Paul Ryan
I have been following John Goodman's health policy ideas for as long as I've been on Capitol Hill. John's latest effort, Priceless: Curing the Health Care Crisis, makes it abundantly clear why he is a source of wisdom, insight, and innovative thinking.—Paul Ryan, Chairman, U.S. House Budget Committee
June E. O'Neill
Priceless provides fresh and original insights to help steer us into a system that harnesses individual choice, aligns price and quality, and more effectively utilizes financing to achieve these ends.—June E. O'Neill, former Director, Congressional Budget Office; Wollman Distinguished Professor of Economics and Director of the Center for the Study of Business and Government, Baruch College
Richard A. Epstein
John Goodman's terrific book Priceless . . . offers a breath of fresh air in a tired healthcare debate that demonstrates once again that markets enjoy their greatest advantage in complex settings that call for imaginative solutions that no government-driven system can deliver.—Richard A. Epstein - Laurence A. Tisch Professor of Law New York University
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Meet the Author
John C. Goodman is a research fellow at the Independent Institute and a Kellye Wright Fellow in Health Care at the National Center for Policy Analysis, of which he is president. He is the author of more than 50 studies on health policy, retirement reform, and tax issues, as well as nine books, including Leaving Women Behind: Modern Families, Outdated Laws; Lives at Risk: Single Payer National Health Insurance Around the World; and The Patient Power: Solving America's Health Care Crisis. His articles have been featured in publications such as Health Affairs, National Review, and the Wall Street Journal. He lives in Dallas, Texas.
Table of Contents
Preface xiii
1 Introduction 1
Part I Why We Are Trapped
2 How Healthcare Is Different 13
3 Why People Disagree About Health Policy 39
Part II The Consequences of Being Trapped
4 What Being Trapped Means to You 55
5 Why Do We Spend So Much on Healthcare? 67
6 Why Is There a Problem with Quality? 95
7 Why Is There a Problem with Access to Care? 107
8 Why Can't You Buy Real Health Insurance? 123
Part III Letting People Out of the Trap
9 Empowering Patients 143
10 Liberating Institutions 158
11 Designing Ideal Health Insurance 171
12 Solving the Problem of Patient Safety 189
13 The Do-No-Harm Approach to Public Policy 201
Part IV Letting Government Out of the Trap
14 Reforming Medicare 221
15 Reforming Medicaid 244
16 Understanding the New Healthcare Law 257
17 What Most Needs Repealing and Replacing in the New Healthcare Law 287
18 Conclusion 309
Notes 315
Index 355
About the Author 371