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Crisis of Abundance: Rethinking How We Pay for Health Care
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Binding: Hardcover
Dewey Decimal Number: 338.433621
EAN: 9781930865891
ISBN: 1930865899
Label: Cato Institute
Manufacturer: Cato Institute
Number Of Items: 1
Number Of Pages: 120
Publication Date: April 26, 2006
Publisher: Cato Institute
Studio: Cato Institute
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Editorial Review:
In Crisis of Abundance: Rethinking How We Pay for Health Care, economist Arnold Kling argues that the way we finance health care matches neither the needs of patients nor the way medicine is practiced. The availability of premium medicine, combined with patients who are insulated from costs, means Americans are not getting maximum value per dollar spent. Using basic economic concepts, Kling demonstrates that a greater reliance on private saving and market innovation would eliminate waste, contain health care costs and improve the quality of care. Kling proposes gradually shifting responsibility for health care for the elderly away from taxpayers and back to the individual. The idea of matching the health care funding system to needs is very simple, Kling writes. The very poor and the very sick need help paying for health care. The rest of us do not.
Customer Reviews
Average Rating: 
Rating:  - healthcare finance
Probably one of he best critiques of what ails the US healthcare system today. So-called health "insurance" isn't insurance. What is insurable about the risk that I will visit my doctor for an annual physical or my dentist for a cleaning? Why shouldn't I pay these out of pocket and use insurance to pay for what I can't pay out of pocket -- a catastrophic health incident? We get really interested in what we pay for out of our own pockets, but it has to be more than a co-pay or low deducible.
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Rating: - The antidote to Michael Moore
Kling does not leap to the quick fix, but he delineates the problems that must be considered in any attempt to restructure the health care system or its funding.
This book is smart and readable, providing the reader with a great overview of parameters to consider.
Rating:  - Another book from CATO
Taking out the redundancy, this (about) 100 page book could have been made into a 20 page pamphlet. The real point behind this book: expectation of medicine has been increasing over the years since most people have either private or government sponsored insurance.
Rating:  - Difficult but worth reading
For this reader, "Crisis of Abundance" by Arnold Kling was difficult to read. Fortunately, it is very short, under 100 pages. In the end, it was well worth my brief persistence.
Anyone who wants to understand the healthcare crisis in the U.S. would benefit by reading this. The author is an economist, and the book is clearly told from an economic and public policy perspective. His goal was to write this book for the "concerned citizen," while at the same time making it credible to professional ... Read More
Rating: - Short, Well-Written, and Well-Reasoned
"Crisis of Abundance" should be read by any educated person who wants to understand the healthcare crisis in the U.S. and proposals to remedy it. This short, intelligent book reviews the various theories in play to explain why the U.S. spends so much more (as a percentage of GDP) on healthcare than other developed nations; looks at the "awkward facts" facing each theory; describes the trade-offs that any system for healthcare spending cannot avoid; and presents realistic policy considerations for improvement. ... Read More
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