National Debt Clock

Tuesday, September 8, 2009

Free Market Solutions to Healthcare Costs

http://www.newsmax.com/newsfront/healthcare_/2009/09/08/257439.html

If you pay the mechanic $1,000 to fix your transmission and it breaks again next week, the garage should find and fix the problem for free. So if you get an infection following open-heart surgery because the doctor forgot an antibiotic, why are you charged extra to clear up the wound?

At Geisinger Health System in Pennsylvania, pay a flat fee for bypass surgery and you'll get essentially a 90-day warranty on your heart fix. Complications? The hospital has to eat the cost. It gambled that following a checklist of best practices would help patients recover faster and cost less — and so far, it's winning the bet.

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