Comments on: Will Health-Care Innovation Survive Obamacare? http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/ The Sweet Release of Reason Thu, 09 Feb 2012 18:11:50 +0000 hourly 1 By: MartinBradley http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26092 MartinBradley Tue, 15 Dec 2009 03:20:19 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26092 I hope that the "Obamacare" will not have a negative effect on the health care innovations. On the contrary, maybe he is going to invest even more in research. I suffer from a <a rel="nofollow" rel="nofollow">sinus infection</a> for which there is no cure yet but I sure do hope medicine will come up with a permanent cure for it. I hope that the “Obamacare” will not have a negative effect on the health care innovations. On the contrary, maybe he is going to invest even more in research. I suffer from a sinus infection for which there is no cure yet but I sure do hope medicine will come up with a permanent cure for it.

]]> By: MartinBradley http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26091 MartinBradley Mon, 14 Dec 2009 19:20:19 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26091 I hope that the "Obamacare" will not have a negative effect on the health care innovations. On the contrary, maybe he is going to invest even more in research. I suffer from a <a rel="follow" href="http://www.sinusinfectionproblems.com/" rel="nofollow">sinus infection</a> for which there is no cure yet but I sure do hope medicine will come up with a permanent cure for it. I hope that the “Obamacare” will not have a negative effect on the health care innovations. On the contrary, maybe he is going to invest even more in research. I suffer from a sinus infection for which there is no cure yet but I sure do hope medicine will come up with a permanent cure for it.

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]]> By: arshield http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26089 arshield Tue, 11 Aug 2009 08:01:51 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26089 The problem isn't the innovation it is the unpredictability. If you never know what your insurance will and will not pay for then there is not a free market system. A free market system says that you can go into the market and figure out what is the best insurance for you. If your insurer randomly (based on your understanding) agrees to pay for one thing, but won't pay for another that is not a free market system. <br><br>Market economies must have open and understandable pricing in order to work. Heath care is not open or understandable and therefore it is not a real market system. The problem isn't the innovation it is the unpredictability. If you never know what your insurance will and will not pay for then there is not a free market system. A free market system says that you can go into the market and figure out what is the best insurance for you. If your insurer randomly (based on your understanding) agrees to pay for one thing, but won't pay for another that is not a free market system.

Market economies must have open and understandable pricing in order to work. Heath care is not open or understandable and therefore it is not a real market system.

]]> By: anonymous http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26088 anonymous Tue, 11 Aug 2009 07:55:06 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26088 Basic care improves because of the "expensive stuff". Innovation by definition means cheaper and better. The point of this article is that in a monolithic government system, where everything must be distributed equally, new surgical techniques that enable safe c-sections would have been "expensive stuff", and would never have made it. Technology is by its nature deflationary. New stuff is expensive, but becomes cheaper over time. <br><br>Even in this case, your friend may have had to pay a lot of money for her C-Section, but it was much cheaper as a percentage of her wage than it would have been 50 years earlier for the same level of care, though in reality, the level of care she received now was probably not even available to the richest 50 years ago.<br><br>Think air conditioners in cars. They were once a luxury, but are now commonplace. If in the 50's we had demanded that everyone be provided a vehicle from a single payer system, it would have been impossible for air-conditioners to make the cut. We simply could not have afforded them for everyone at the time. The production costs of air conditioners would have stayed the same as manufacturing processes could not have been refined with experience.<br><br>This story plays out over and over again in market economies. Here is a comparison of the Sears catalog that shows an 80 percent reduction in cost (per hours worked) for common household items. <a href="http://mjperry.blogspot.com/2009/03/miracle-of-market.html" rel="nofollow">http://mjperry.blogspot.com/2009/03/miracle-of-...</a><br><br>That being said, I agree that liability problems stifle innovation, and that we should agree on a level of basic care that is made available to those least able to pay. Basic care improves because of the “expensive stuff”. Innovation by definition means cheaper and better. The point of this article is that in a monolithic government system, where everything must be distributed equally, new surgical techniques that enable safe c-sections would have been “expensive stuff”, and would never have made it. Technology is by its nature deflationary. New stuff is expensive, but becomes cheaper over time.

Even in this case, your friend may have had to pay a lot of money for her C-Section, but it was much cheaper as a percentage of her wage than it would have been 50 years earlier for the same level of care, though in reality, the level of care she received now was probably not even available to the richest 50 years ago.

Think air conditioners in cars. They were once a luxury, but are now commonplace. If in the 50's we had demanded that everyone be provided a vehicle from a single payer system, it would have been impossible for air-conditioners to make the cut. We simply could not have afforded them for everyone at the time. The production costs of air conditioners would have stayed the same as manufacturing processes could not have been refined with experience.

This story plays out over and over again in market economies. Here is a comparison of the Sears catalog that shows an 80 percent reduction in cost (per hours worked) for common household items. http://mjperry.blogspot.com/2009/03/miracle-of-…

That being said, I agree that liability problems stifle innovation, and that we should agree on a level of basic care that is made available to those least able to pay.

]]> By: Societal Blind Spots As…. Will Health-Care Innovation Survive Obamacare?…. | Total Info http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26087 Societal Blind Spots As…. Will Health-Care Innovation Survive Obamacare?…. | Total Info Thu, 16 Jul 2009 03:12:18 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26087 [...] I have the sense that many defenders of an even-more-fully-government-run health care system have a hard time taking this question seriously. But they should. It’s just a fact that much of the world’s medical innovation comes from the U.S. This goes a good way toward explaining with why survival rates for many potentially mortal health problems are highest in the U.S., and also partly explains why U.S. costs are so high. Indeed, that a certain strata of Americans spend so much, often on stuff that makes no difference, also partly explains the high U.S. level of innovation. Profligate U.S. spending on state-of-the-art treatments acts as a subsidy to the health care systems of oRead more at http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/ [...] [...] I have the sense that many defenders of an even-more-fully-government-run health care system have a hard time taking this question seriously. But they should. It’s just a fact that much of the world’s medical innovation comes from the U.S. This goes a good way toward explaining with why survival rates for many potentially mortal health problems are highest in the U.S., and also partly explains why U.S. costs are so high. Indeed, that a certain strata of Americans spend so much, often on stuff that makes no difference, also partly explains the high U.S. level of innovation. Profligate U.S. spending on state-of-the-art treatments acts as a subsidy to the health care systems of oRead more at http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/ [...]

]]> By: Singer on Health Care Rationing « Young Economics. http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26086 Singer on Health Care Rationing « Young Economics. Wed, 15 Jul 2009 22:12:23 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26086 [...] health care, Will Wilkinson asks whether socialized health care would slow medical innovation in the USA.  As an undergraduate, I [...] [...] health care, Will Wilkinson asks whether socialized health care would slow medical innovation in the USA.  As an undergraduate, I [...]

]]> By: Right is wrong to attack Obama’s health plan. - Page 2 http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26084 Right is wrong to attack Obama’s health plan. - Page 2 Wed, 15 Jul 2009 17:43:30 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26084 [...] Here's a good article on how those 'proven' national healthcare systems are made possible: Will Health-Care Innovation Survive Obamacare? At the present rate of increase, US healthcare costs will go from 18% to 28 percent in 2030. If [...] [...] Here’s a good article on how those ‘proven’ national healthcare systems are made possible: Will Health-Care Innovation Survive Obamacare? At the present rate of increase, US healthcare costs will go from 18% to 28 percent in 2030. If [...]

]]> By: uknowbetter http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26085 uknowbetter Wed, 15 Jul 2009 16:02:01 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26085 What a joke! You want your free lunch and you want someone else to pay for it.<br><br>There is a word for people like you: despicable. What a joke! You want your free lunch and you want someone else to pay for it.

There is a word for people like you: despicable.

]]> By: Right is wrong to attack Obama’s health plan. http://willwilkinson.net/flybottle/2009/07/13/will-health-care-innovation-survive-obamacare/#comment-26082 Right is wrong to attack Obama’s health plan. Wed, 15 Jul 2009 04:15:52 +0000 http://www.willwilkinson.net/flybottle/?p=3552#comment-26082 [...] Here's a good article on how those 'proven' national healthcare systems are made possible: Will Health-Care Innovation Survive Obamacare? [...] [...] Here’s a good article on how those ‘proven’ national healthcare systems are made possible: Will Health-Care Innovation Survive Obamacare? [...]

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