A heated web debate has erupted over Paul Krugman's lament that people who consume medical care are called consumers.
Krugman believes that the patient/doctor relationship is sacred and that "patients" can't know enough to "consume" medicine. Of course, this is true of everything in an age of specialization of trade. Although, as a frequent visit of webMD.com, I can attest that the market has ways to mitigate this knowledge problem.
But here is the part that I found interesting.
"And that’s especially true when that blank-check approach is combined with a system that gives doctors and hospitals — who aren’t saints — a strong financial incentive to engage in excessive care.
Hence the advisory board..."
And the bureaucrats on the advisory board are saints?
Krugman believes that the patient/doctor relationship is sacred and that "patients" can't know enough to "consume" medicine. Of course, this is true of everything in an age of specialization of trade. Although, as a frequent visit of webMD.com, I can attest that the market has ways to mitigate this knowledge problem.
But here is the part that I found interesting.
"And that’s especially true when that blank-check approach is combined with a system that gives doctors and hospitals — who aren’t saints — a strong financial incentive to engage in excessive care.
Hence the advisory board..."
And the bureaucrats on the advisory board are saints?
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