The Wall Street Journal has published another great article which concludes that the Third party payer system is the fundamental problem with our country’s health care system. The article, by John Goodman, of the National Center for Policy Analysis, is entitled, “Perverse Incentives in Health Care”.
Goodman states,
“Where third-party payment is the norm, markets tend to be bureaucratic and stifling. But in those health-care sectors where third-party payment is rare or nonexistent, the market is vibrant, entrepreneurial and competitive”.
The article by Goodman is worth reading!