Out of pocket costs down, taxes up, premiums up

Patrick Gibbons

“Much of the rationale behind the current reform of the healthcare system is about controlling inflation in healthcare costs. However, based on the trend presented above, a better alternative to the semi-nationalization that the president has in mind would be to increase individual responsibility for medical decisions and costs. When people aren’t exposed to the true cost of their care-even if they pay for it in foregone wages and higher taxes-they consume more” says Veronique de Rugy is a senior research fellow at The Mercatus Center at George Mason University.

Read the full article, “The High Cost of No Price” here.