The Health Care Crisis

Paper Summary:

The paper discusses how with the billowing costs of health care recalcitrant to conservative control measures, it is apparent that more aggressive policies need to be formulated that target not only the physician corporate medicine and hospitals, but also the consumer. The paper says that there is no doubt that both state and federal legislature will be needed to enforce some of the policies mentioned. The paper contends that there is also no doubt that state and federal governments will become more inept at handling the US health care crisis on a financial level.

From the Paper:

"It is not new to state the fact that the present health care system in the US is in a state of disarray. It is no surprise either, that even before the advent of corporate medicine, managed care, health maintenance organizations (HMOs), etc. that the application of medicine, public health, politics and economics was, and still is, exceedingly complex, much less than palatable. Form the outset, the issue of policy formation in health care using an economic knowledge base is indeed daunting, as the most unpredictable variable in a myriad of other variables predicting health care consumption patterns - people - do not lend themselves kindly to theory. People are constantly aware of the many medical advances taking place every day. They are likewise constantly made aware of their health and how much more precious a commodity it is to them."

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