Hot off the Cato Institute press, Overcharged: Why Americans Pay Too Much for Health Care tackles an anxiety-inducing question: Why is our health care system so costly and dysfunctional? Authors Charles Silver and David A. Hyman have differing top-flight educations and differing political backgrounds, but they both recognize the non-partisan reality of our health care system. It performs exactly as designed: expensively and with little accountability.
Silver and Hyman reveal the key flaws in America's health care system, which replaces consumer choice with government control and third-party payment, driving up the cost of health care. Prices will fall, quality will improve, and medicine will become more patient-friendly only when consumers take charge. As Overcharged explains, when health care providers are subjected to the same competitive forces that shape other industries, they will either deliver better services more cheaply or risk being replaced by someone who will.
Overcharged is getting the attention of top free marketeers and conservative influencers. George F. Will, Pulitzer Prize-winning columnist and author raves that “Silver and Hyman frighten us with the facts and point to ways the biggest player in the health care game—the government—can stop making matters worse.” Show-Me Institute has also noticed the usefulness of Silver and Hyman’s free-market solutions to the national health care problem. We have invited the authors to Missouri to discuss their book. Details for the event are attached. We hope to see you there!
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