Tagged: #Medicaid

Money Driven Medicine by Maggie Mahar

book jacketMoney Driven Medicine: The Real Reason Health Care Costs so Much by Maggie Mahar (2006)

Obviously this book is out of date but it does discuss some of the continual issues that plague the US medical and insurance industries under the great invisible hand of the “free” market rules of supply and demand that result in our citizens paying more and more and having inflated medical prices and drug prices forcing people to choose between food and healthcare.

The fundamental reality is that it is NOT APPROPRIATE to apply the “laws” of supply and demand to healthcare.

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The Economic Illusion by Robert Kuttner

black and white title textThe Economic Illusion: False choices between prosperity and social justice  by Robert Kuttner (1984)

Robert Kuttner has become a favorite author because he really knows his stuff and is a very good writer making for an enjoyable read. He is also the author of Debtors’ Prison: The Politics of Austerity Versus Possibility. This book had one of my favorite chapters ever, titled The Moral Economy of Debt [link to come later], basically pointing out the contradiction between the treatment of bankruptcy by individuals as a moral failure contrasted with the get out of jail free card by failed corporations (like Donald Trump’s 4 instances where he sheltered his personal wealth from the risk he took with his businesses).

In this book he makes the case that social justice does not preclude a dynamic economy. This book written a tad more academically than his later books, but is fascinating also because of the date it was published –  1984! [nod to Orwell fans out there since what he discusses is exactly true today] Here are some long quotes from the book.

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