Everyone is obsessed with reducing the out-of-pocket monetary costs of healthcare. Consider this:
… a surprising number of patients—about one in five, on the average—get discouraged and leave emergency rooms without ever being seen [by a doctor or nurse].
And yet … emergency rooms are our primary provider of free and subsidized healthcare.
It shouldn’t take an economist to point out that the cost of healthcare is the money you hand over and the time you spend, and that if you decrease the one it’s very likely that you’re decreasing the other. But it does.
Read the whole article by John Goodman, entitled “Healthcare and the Cost of Non-Price Rationing” in The Beacon.
Via Newmark’s Door.
P.S. Every time I write about something like this, I can’t forget my former RA and friend, who died in the care of the British national health system, while his American nurse/wife’s pleas for reasonable care were ignored.