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Geoffonomics: The number one thing driving up health care costs

Gareth MorganEconomics4 Comments

Every fortnight Geoff Simmons talks with Jesse Mulligan on RNZ’s Afternoons programme about a variety of economic issues. This week they cover what is the number one thing driving up health care costs in New Zealand, and it’s not what you think!. #geoffonomics

Geoffonomics: The number one thing driving up health care costs was last modified: September 10th, 2016 by Gareth Morgan
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Gareth Morgan

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Gareth Morgan is a New Zealand economist and commentator on public policy who in previous lives has been in business as an economic consultant, funds manager, and professional company director. He is also a motorcycle adventurer and philanthropist. Gareth and his wife Joanne have a charitable foundation, the Morgan Foundation, which has three main stands of philanthropic endeavour – public interest research, conservation and social investment.

4 Comments on “Geoffonomics: The number one thing driving up health care costs”

  1. Nice piece. The GP 2% number is important, but career goals change a lot during medical training. A lot of medical students in their early 20s clamour for the high profile jobs, especially when they don’t realise what makes a good work-life balance. So being a transplant surgeon, or cardiac interventionalist is where the glory is at. Once people start working, and work out what they truely value and find fulfilling, and how they can make their job work with the rest of their life, GP holds a lot more appeal. I watched that transition in our med school class. Big thing is giving primary care the respect they deserve, both from the rest of the medical community, as well as wider society. That is where the battle for health care (incl efficiency) is largely won or lost.

  2. I think the biggest increase in our medical costs is the business “management” model we have adopted.
    Of overpaid autocrats running things, plus all the extra non medical hangers on they need to do their jobs.
    I suspect most medical system “managers” could be replaced by a good secretary/administrator on less than 100k, who can add and subtract,supported by representatives from the staff.
    Worked fine in the past.

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