1 / 12

MANA 5334 Consulting & Research in Health Care Organizations

MANA 5334 Consulting & Research in Health Care Organizations. A Presentation on Arnold King’s Crisis of Abundance: Rethinking How We Pay for Health Care. The Rise of Healthcare Costs. Who is Arnold King, the CATO institute & what do they know anyway?

navid
Download Presentation

MANA 5334 Consulting & Research in Health Care Organizations

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MANA 5334Consulting & Research inHealth Care Organizations A Presentation on Arnold King’s Crisis of Abundance: Rethinking How We Pay for Health Care

  2. The Rise of Healthcare Costs • Who is Arnold King, the CATO institute & what do they know anyway? • What is the root cause of this rise in health care costs? • What is the concept of Premium Medicine? • What, if any, alternatives can be implemented? • What does the future hold?

  3. The Man, the Myth, the LegendArnold Kling • Earned Ph.D. in Economics in 1980- M.I.T. • Economist with the Federal Reserve Board in Washington D.C. & later with Freddie Mac • Founded Homefair.com in 1990’s – one of the first commercial internet enterprises, sold in 1999 • Since then, volunteer teaching in high schools and adjunct professor most recently at George Mason University • Contributing editor of TCSdaily.com & writes for Econlog.econlib.org • Has written two other books and his website is arnoldkling.com

  4. The MAN is keepin’ us down. The Cato institute will drop knowledge • Founded in 1977, A public policy research foundation dedicated to broadening the parameters of policy debate to allow consideration for more options consistent with traditional American principles of a limited government, individual liberty and peace. • Idea is to educate the lay public about questions of policy and roles of the government

  5. BIG BROTHER is crushing us.Cato Institute is here to help. • Named for Cato’s letters • Despite achievements of fore fathers, virtually no aspect of life today is free of government encroachment • Publications including the Cato Journal & the quarterly magazine Regulation combat the governments trampling of civil liberties • The Cato institute accepts NO government funding • Contributions are given by foundations, organizations and individuals • Nonprofit, tax-exempt, educational foundation under section 501(c)3 code of the I.R.S. • Location: 1000 Massachusetts Ave. N.W. Washington D.C.20001 Website: www.cato.org

  6. Health Care Cost Rising • The 3 economic Narratives -Private Insurance does not work -Health care providers over charge for services -PM medicine accounts for most of the problem • Arnold Kling feels PM is the only plausible cause for increasing health care cost

  7. Health Care Costs Rising • Past 30 years, medicine has become more expensive. Today’s medicine could be termed “Premium Medicine” • PM utilizes more physical capital (MRI machines) & more human capital (specialists) • PM reflects cultural expectations that call for a high level of effort to diagnose correctly and treat effectively • PM clearly has caused the rise in health care cost, evidence for a rise in health care BENEFIT is mixed • Because of the triumph over many ID’s, must turn our attention to DD’s, this will cause more cost increase and less visible benefit

  8. Growth of CT & MRI Scans in the United States from 1980-2003

  9. Are the DOLLAR$ making a DIFFERENCE? • Kling suggests NO WAY! • Kling’s 3 options for treatment -do nothing -treat empirically -treat on the basis of a through diagnosis, ruling out minor possibilities (PM)

  10. ALTERNATIVES & SUGGESTIONS • Insulation v/s insurance • Matching funding systems with needs • Markets and Evolution • Policy ideas -Medical Guidelines Commission -Single Point of Accountability -Lifting licensing restrictions

  11. F U T U R E • SOME GOVERNEMNT INVOLVMENT, BUT NOT TOTALLY CONTROLLED • MORE BURDEN SHIFTED TO INDIVIDUALS • GUIDELINES COMMISION • DO AWAY WITH MEDICARE, MOVE TO SAVING ACOUNTS.

  12. QUESTIONS STATEMENTS CONCERNS COMMENTS

More Related