Most medical services are covered by insurance. Cosmetic surgery is a cash business. In order to address health care inflation the role played by insurance must be reevaluated.
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
"To get rich is glorious." -- Deng Xiaoping. This is perhaps the smartest thing ever uttered by a member of the Communist Party.
About me
I have a BA in International Affairs and MA in International Trade and Investment Policy. I live in Washington, DC and work for a Fortune Global 500 company as a public policy analyst.
My Twitter updates
Subscribe via email
Subscribe Now: Feed Icon
Blog Archive
Blogroll
- Cafe Hayek
- Calafia Beach Pundit
- Carpe Diem
- Cato @ Liberty
- Club For Growth
- Coyote Blog
- Econlog
- Economix
- Freakonomics
- Free Exchange
- Greg Mankiw
- Instapundit
- John Stossel
- Marginal Revolution
- Market Urbanism
- Megan McArdle
- Reason: Hit & Run blog
- Scott Lincicome (trade policy blog)
- Taxing Tennessee
- Think Markets
Friend blogs
Recommended reading
Greatest hits: Some of my fav posts
ShareThis
5 comments:
I think you mean Elective Cosmetic Surgery.
It is true, cosmetic surgery is elective while many surgical procedures are not.
Then again, food isn't elective either.
No, I think you mean Elective Cosmetic Surgery is a cash business whereas non-Elective Cosmetic Surgery -- like post-accident reconstructive surgery -- is not.
Of course, food is subject to its own economics. Remember a couple years ago when the price of rice was increasing exponentially?
Yes, good point and appreciate the clarification.
As for rice, I think if you study that particular phenomenon you will notice substantial government interference in Asia with things like export and price controls.
Also not helping matters was government policy in the US and other Western countries which encouraged the growing of biofuels instead of items such as rice.
It's interesting you mention US policy wrt biofuels -- at the same time as rice prices were skyrocketing, the price of corn was also increasing but not at the same rate, despite the then focus on corn-based ethanol and fears of fueling with food, etc. If I remember correctly, Asian policies--especially Thailand--exacerbated the price increase but they followed several months of already exponential growth. That may not be the right order, but that's what I recall.
Post a Comment