Economic Incentives Motivate: What We Can Learn From The Rand Health Insurance Experiment
The use of economic incentives to motivate behavior is neither a Democratic or Republican idea. It is human nature to be motivated by economic incentives. The concept of individual responsibility is an American idea. It has been tarnished in recent years.
There is no question in my mind that government has the responsibility to be compassionate and help the needy. It is my view that government should help individuals help themselves.
The costs associated with Medicare and traditional healthcare insurance are rising. Every stakeholder points a finger at the other stakeholders as the cause.
President Obama’s Healthcare Reform Act is raising costs higher in anticipation of cuts in the future. He is in the process of forcing individuals to be more dependent on the government rather than promoting individual responsibility.
Obamacare will fail to control costs.
All anyone has to do is look at a Rand Corp. study of 29 years ago to see what works and what doesn’t work. Read more »
*This blog post was originally published at Repairing the Healthcare System*