Coyote took the time to take a close look at some of the findings of the McKinsey report on the cost of American medical care. One quote:
Ooh, those greedy doctors. They are the problem! But read carefully, especially the last sentence. He makes clear doctors in the US are not making more because they charge more, they make more because they see more patients --- ie, they work harder than their European counterparts. Where have I heard this before? Again, in every other industry you can name, the fact that our workers work harder than their European counterparts is a good thing, leading to lower costs and higher productivity. So why is it suddenly bad in medicine? For this I would instead draw the conclusion that their are perhaps too many procedures (an expected outcome of the screwy incentives in the system) and thus too many doctors. Doctors, whom Mr. Pearlstein paints as enemy number one in the health care system, are actually its greatest asset, being 60% more productive than their European counterparts, certainly something to build on.