Cash For Tickers – What Would You Pay for Your Heart Attack Treatment?

When it comes to health care, most consumers worship the newer, the more technologically advanced, and the most expensive. If an X-ray is good, an MRI is better. If three Advil relieves your knee pain, arthroscopy may eliminate it completely. As long as someone else is paying, why restrict your choices? In other words, we don’t want rationing, we want everything fully loaded.

We are like folks set free at the auto mall with someone else’s credit card. We may be content with a Honda Civic, but wind up demanding the most expensive car on the lot because someone else is picking up the tab. No wonder we spend $2 trillion a year on healthcare. [Update: By 2011, the figure was $2.7 trillion, as noted here.] Read more → →