The modern era has inherited two models of health insurance: the fee-for-service model and the HMO model. Both models create perverse incentives for patients and their doctors. As I wrote in my recent book, Priceless: Curing the Healthcare Crisis, virtually all recent variations on these two models are attempts to ameliorate and control those perverse incentives—usually…
Read More »

In 1980, Census Bureau statistics showed that less than 1 percent of the population had been denied health insurance because of a health condition. Moreover, this was a period of time when there were few legislative remedies. Even so, this 1 percent was a politically vocal group and, in many cases, they evoked understandable…
Read More »