I was going to do a response to John Green’s mostly accurate but slightly misleading video “Why Are American Health Care Costs So High?”…but I really can’t beat Lee Doren’s response on “How the World Works.”
I would merely point out that while Doren is correct that we could go to out of pocket to help reduce prices, we could also get rid of the laws that created HMO’s and allow insurance companies to cross state lines. All of this would further increase competition and drive down costs even more.
Also John Greene makes a comment about tort reform only reducing health case costs by a fraction of a percent in Texas. What he fails to mention is that it has also drastically increase survival rates for patients. So tort reform led to more people living at lower costs. I don’t think dismissing them out of hand as he does is all that bright.
The Original Video
(I’m not going to include all of the links Doren references because he deserves the hit count that will come from having to go to his Youtube page to find them.)