The US healthcare system is notable for its extremely high costs compared with all other countries, and poor results compared with other rich countries.  But the US also has the most unequal healthcare system and our poor outcome statistics are…

What kind of schools do you think of as being “private ventures, money making in spirit and object. Income was simply divided among the lecturers. No applicant for instruction who could pay his fees or sign his note was turned…

USA Today: It isn’t just $5-a-pill aspirin. Daily room charges exceed $5,000 in some New Jersey hospitals. An appendectomy in California, including about two days in the hospital, has an average list charge of $18,000. Nationally, federal data show the…

Adverse selection and moral hazard are both caused by asymmetrical information and are sometimes difficult to distinguish from one another. Adverse selection is the selection bias that happens before a contract happens and moral hazard is the change in behavior…

The Hippocratic Oath is often thought to mean “First do no harm,” but the part that come closest to this famous phrase actually says, “I will prescribe regimens for the good of my patients according to my ability and my…

The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care is a New York Times bestseller from journalist T.R. Reid. The book contrasts health care systems in several different countries with the health care models in the United States. …