I could write a good review of this as it is an excellent read on healthcare economics. This truly complex topic can be simplified by using a few easy analogies and these four quotes. I’d highly recommend you read it for yourself though.
Health care is essential to life. But it is far less essential than food or housing, which do not require third-party payment.
What is unique about health care is not fee-for-service, but third-party payment. Only in health care is someone else picking up the tab for our spending.
The problem is third-party payment.
No one will ever reform the U.S. health care system without bringing the consumer along and, indeed, placing consumer choice and accountability at the very center of the reform initiative.