Economics of Chaos
The Chaos In Healthcare. Debate is now raging throughout America about our healthcare and medical insurance systems. The Obama Administration and the Congress are expected to propose legislative and policy reforms that will greatly expand and change the role of government in the healthcare arena. These sectors of our economy are huge; estimated to be 1/6 or almost 17% of the American economy. There is a consensus that chaos exists in the areas of healthcare and health insurance but it is a peculiar chaos. By many measures these sectors are doing very well; almost 85% of Americans are covered by some kind of health insurance and the actual delivery of health care to patients throughout the United States for the most part is effective and far reaching. Less than 5% of the population who want to get insurance are unable to obtain it. The very poor and uninsured are mandated care by law through emergency room facilities. Compare this reality to some other American institutions: education...
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