The Problem of Diminishing Marginal Benefit in Healthcare

Why is it so bad for health spending to increase? After all, health care is good and noble. By the way, it also creates good-paying jobs. My answer, excerpted from Segment 6 of my Video Series, is that healthcare spending is good, of course, but only up to a point. Past a certain point it … Continue reading The Problem of Diminishing Marginal Benefit in Healthcare

Segment 3 – Healthcare Reform Successes & Failures

In Segment 2, we looked at the history of medical care in the U.S. until 1965, the year Congress enacted Medicare and Medicaid. In Segment 3 we will look at reform movements, starting with Medicare and Medicaid. We will look at why later reforms failed and where that leaves us now. By the early 1960s, … Continue reading Segment 3 – Healthcare Reform Successes & Failures