The Real Way to Reduce the Cost of Medical Care

As mentioned numerous times on this blog, it all about addressing the issue of OPM – Other Peoples Money.  That it, people must have a stake in the cost and delivery of their healthcare:

Give consumers an incentive to care about the cost of medical care and the cost of medical care will decline. That’s economics 101 (a course Barack Obama obviously didn’t take), straight out of Adam Smith…

The fact is, 315 million consumers of health care saying, “How much is this going to cost” will rein in healthcare expenditures far more effectively than 315,000 government bureaucrats meddling in the marketplace

via How to Cut Medical Costs 101.

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