The author also provides solutions to the problems and rising costs with Medicare and Medicaid which are both going broke. He offers solid solutions there, but it's hard to see the politicians going for them. For those that want to educate themselves on how to fix the health care system, this is a must read. How Capitalism Can Save American Health Care is an excellent resource on health care economics and the history of health care policy. The author is a free market economist, a physician and a senior fellow at the Manhattan Institute.
The research that went into this book has been endorsed by Milton Friedman in the Foreword so it should be of appeal to free market advocates. Gratzer persuasively argues that the fundamental problem with U. To argue this, Dr.
Gratzer first notes how the employer-based health coverage arose as an unintended side effect of a tax law, which allowed employers to write off health care expenditures for their employees. Gratzer argues that both Democrats and Republicans have both essentially offered more government regulation as the solution to health care, which has not worked.
The Republicans, have promoted bureaucratic HMOs, which have led to similar large-scale inefficiencies. Driving this point further, Dr. Gratzer greatly details the harmful economic consequences of government regulations in health care. The economic reality is that this leads to hospitals suffering economic losses by being forced to treat patients, regardless of if they can pay for the care, which ultimately leads to the closing of hospitals. Furthermore, insurance mandates, such as benefit mandates, rating mandates and bans on out-of-state insurance, restrict competition and lead to higher insurance premiums.
The Cure: How Capitalism Can Save American Health Care
Gratzer also thoroughly analyzes the harmful economic consequences of the FDA, Medicare, Medicaid and much more. This book also dispels many common myths about the quality of U. There numerous lifestyle habits that differ between cultures, such as frequency of exercise and diet, which effect health. Gratzer proposes examining statistics on cardiac arrest patients, to see which country offers better treatment. In these respects, Dr. Gratzer argues that the U. As one can infer, Dr.
Gratzer proposes free market solutions to fix American health care. Specifically, he proposes drastically reducing the various regulatory excesses that he delineates throughout his book as well as embracing Health Savings Accounts. Gratzer corroborates his arguments with real-world success stories, such as the success of Whole Foods' adoption of HSAs for its employees.
I highly recommend this book to all fans of free market capitalism with an interest in health care policy. See all 13 reviews. Most recent customer reviews.
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Hoover Institution Press Publication. Pages with related products. See and discover other items: There's a problem loading this menu right now. Get fast, free shipping with Amazon Prime. Your recently viewed items and featured recommendations. With an introduction by Milton Friedman, The Cure will be required reading for anyone who wants to know what is really wrong with the modern health care system.
Hardcover , pages. To see what your friends thought of this book, please sign up. To ask other readers questions about The Cure , please sign up. Lists with This Book. May 06, Derek rated it really liked it Shelves: A concise, rather compelling case for free market health care reforms. As a doctor, Gratzer shares plenty of anecdotes, but the arguments are pretty well supported by quantitative data. He doesn't go too far in free market orthodoxy, freely admitting to the need of government to aid the less fortunate in regards to health care, but through a different model than the current one.
His model deserves a great deal of discussion. Feb 27, Moses Operandi rated it really liked it. This was excellent and a great view-forming book.
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I think the good-health-care-through-capitalism approach is the most sensible; certainly better than letting the government get its diseased hands on it. Dec 19, David rated it really liked it Shelves: Way more readable than most wonky policy books.
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If you're into this sort of thing, but don't want to read it all, the last chapter gives some worthwhile "cures" in 15 pages. Mar 01, Shelly rated it really liked it. Gratzer uses statistics as well as anecdotes to convincingly make his case that our current system of employer-paid insurance was designed for a health care system in which penicillin was state-of-the-art.
It is outmoded and no longer serves us well. Consumers are insulated from actual costs in this system and it also allows private insurance to pick up the slack from Medicare and Medicaid's chronic under-reimbursement to physicians. A plan to put consumers in control is a viable solution. Healt Gratzer uses statistics as well as anecdotes to convincingly make his case that our current system of employer-paid insurance was designed for a health care system in which penicillin was state-of-the-art.
Health Savings Accounts are a good start but there are other ideas discussed in the text which would also be beneficial. Ultimately, the goal should be to put people back in control of their health-care. In this path-breaking book--Nobel laureate Milton Friedman calls it "fascinating and thorough"--Dr. David Gratzer goes to the heart of the problem, showing that the crisis in American health care stems largely from its addiction to outmoded and discredited economic ideas.
The Cure: How Capitalism Can Save American Health Care by David Gratzer
What needs to be done? Gratzer mounts a bold and provocative argument, rejecting the conventional wisdom that socialized health care is compassionate and that top-down government agencies like the FDA actually save lives. Instead, he prescribes a strong dose of capitalism.