A simple means of reducing unnecessary healthcare price inflation and administrative costs: Pass a law requiring every healthcare provider to sell services at the lowest contracted price to all comers.
This will throw a huge wrench in the current system and therefore will require at least a two year phase-in horizon. It will also throw a whole bunch of specialists in healthcare contracting out of work — reducing administrative costs. On the other hand, the current billing system is such a mess that doctor’s offices are always making billing errors, because they have a different contract with every insurer. (I know because I take the time to fix these errors on principle.)
Note: This post was inspired by Denninger. When you cut through the profane histrionics he usually has a point.
Synthetic Assets 