William Watson on healthcare: From the ground up
MLI Research Advisory Board member, William Watson, writes on healthcare systems in today’s Financial Post. In another debunking of the notion that “big is better”, he has a common sense prescription for what ails the delivery of health services here in Canada and abroad.
Big systems like that have to be run from the ground up. As Friedrich Hayek and Ludwig von Mises argued long ago, the information requirements for running them are simply overwhelming to any central decision-maker — a fact our subsequent acquisition of powerful computers does not alter.
The only solution is to drench the systems with competition and let the people on the ground respond to the incentives it produces. If people want doctors to work on the weekends, and we do, we’re going to have to make it worth their while to do so. The easiest way is directly, through a market.
Posted by George Young
Related posts:
- William Watson: the little election that did In today’s Ottawa Citizen, Watson discusses how this “ho hum” election could bring about big...
- William Watson: Cut question period or fix it MLI Research Advisory Board member, William Watson, writes on parliamentary process in today’s Ottawa Citizen....
- William Watson: Miners should dig deeper Read the entire column here. Bookmark on Delicious Digg this post Recommend on Facebook Buzz...
- William Watson: Let’s win over the NDP’s accidental MPs In his May 4th column in the Financial Post, Watson discusses our new two-party system....
- William Watson: Time to end supply management In his column in the April 1st edition of the Financial Post, Watson discussion John...
Please note that the link above was live when posted. Older links may no longer be functional.
