Greg Mankiw just posted this graph, which came from this article on investors.com. here’s the money quote: “By not knowing the full costs associated with health care, consumers demand more and ‘overuse’ it,” Kenneth E. Thorpe explained a few years back in Health Affairs. Americans would be more judicious in seeking health care — they would self-ration — if the right incentives were in place. … Continue reading

Pitting junk food makers against healthcare giants

submitted by Tyler Willis: Just watched this video of Pollan on The Daily Show, he made an interesting point that the food industry and the healthcare industry may have competing objectives – good food for thought on how we might be able to pit them against each other to encouarge better health. However, I think his suggestion of hope may be flawed — the healthcare … Continue reading Pitting junk food makers against healthcare giants