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Affects on Medicare-for-All?
[By staff reporters]
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Queuing is a commonly-used way to solve the rationing problem caused by price ceilings.
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A queue is a waiting line that solves the rationing problem on a “first-come, first-served” basis. Although price ceilings limit the monetary cost that buyers can pay so that buyer equilibrium cannot be restored by higher prices, they do not limit the nonmonetary cost of waiting.
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Assessment:
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So, what might be the implications of non-prioce rationing and the current M4A initiatives?
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Filed under: Health Economics | Tagged: medical rationing, non-price rationing, price ceilings, price floors |
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RATIONING
We had “company doctors” right after WW-II but feared rationing and so the private health insurance industry was born as a fringe benefit after the subsequent wage-price freeze! Now, we are again “back to the future” with the private – equity doctors being fired. So much for demand side economics.
Currently, VBC, ACOs and capitation payments are just different next-generation model attempts to re-align them. However, is this what patients really want or even understand? It’s back to the future on rationing; once again?
Aligned incentives were the norm back in the 50s and 60s. But, the “company doctor” was distrusted as a form of rationing. So, they were again de-coupled into the various models we have today by workers and labor unions, etc.
Xavier
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Dentistry in the UK
https://www.dailymail.co.uk/news/article-9162859/One-four-Britons-say-resorted-DIY-dentistry-lockdown.html?ito=1490
Sheldon
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