Price Competition Can Lead to Quality Competition

Price Competition Can Lead to Quality Competition

GUEST EDITORIAL By John C. Goodman, The Heartland Institute In our third-party-payer health insurance system the price for care is typically set by entities outside the doctor-patient relationship. As a result, providers rarely compete for patients based on money prices. Potentially they can compete on the time price of care, on amenities, and on quality. Yet providers rarely compete on quality. In those health care markets where third-party payment is nonexistent or relatively unimportant, providers…

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Is medical tourism still feasible after the new reform bill?

Is medical tourism still feasible after the new reform bill?

People are still touring the world when it comes to finding affordable health care.

As the cost of health care services in the U.S. continues to climb, and more people are left in the cold when it comes to health insurance coverage, consumers are opting to travel to another country for medical procedures—and reap a cost savings of more than 70 percent.

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