Keyword: Medicare

Dying for Money? (12/7/2000)

Compensated physician-assisted death could reduce end-of-life health care expenditures and reduce pain and suffering.

Keywords: asymmetric information, benefit conversion, cash payment, de facto property right, death benefit, entitlement, health care, Medicare, moral hazard, payment in kind, physician-assisted death, suicide

Ponzi Schemes (1/22/2010)

Medicare and Social Security are Ponzi schemes whose long-term financial viability depends on an ever larger body of later contributors paying off a much smaller body of earlier contributors.

Keywords: budget deficits, Medicare, Social Security, Treasury Bond, trust fund

Roemer's Law of Demand (9/7/2005)

Supply may induce its own demand where a third party practically guarantees reimbursement of usage.

Keywords: capacity, excess supply, hospitals, market demand, medical services, Medicare, Roemer's law, supply-induced demand, supply-sensitive care, utilization