Conspicuous Consumption: The American Healthcare Boondoggle

nebraskaenergyobserver

We’ve often said, even before Obamacare really screwed it up, that one of the major problems in American health care is the disconnect between who receives it, and who pays for it. Since we pay for our insurance and our insurance pays for our healthcare, we are pretty much removed from the equation as to what we get for our money. The chart at the right indicates, if nothing else, that we spend an inordinate, not to say, ridiculously excessive amount on health care administration. This is an overhead cost, that essentially provides no value at all to the consumer. It happens because it is in no one’s interest (except the consumer, who isn’t in the loop) to reduce it. For instance, Daniel Flynn in The American Spectator tells us.

At St. Vincent’s Hospital in Worcester, Massachusetts, visitors immediately encounter a waterfall, trees, massive rocks, and a pathway for hospital-goers interested…

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