Arnold Kling  

It's Not the prices, after all?

Jeffrey Friedman on Edelman an... The Unconscious Mind of the 19...

Uwe Reinhardt's latest:

The difference between the growth in Medicare fees and the growth in Medicare spending is, of course, the growth in the volume of services sold, so to speak, to Medicare.

The chart that accompanies his post shows that Medicare spending has soared, although reimbursement rates for doctors have not. I wonder how he will reconcile this with his most famous article.

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COMMENTS (2 to date)
Hyena writes:

By pointing out that the earlier article is about market provision generally and the later about a system with per unit cost control.

Jon writes:

The conclusion then is that it isn't the growth rate that's the problem. Its the base-level of payments that's outrageously high. Therefore, the growth-rate should be negative not even slightly positive.

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