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random thoughts from a member of the yuppie technocrati

Friday, December 05, 2003

incentives matter - a lot 

i think that an understanding of the incentives people and institutions face is crucial to acheiving the objectives we want.

it's pretty obvious that what people want for medicare is
better health for seniors
cost control

if the incentives are not there - or there are even disincentives, how do we expect for profit companies to do anything but exploit the system to the detriment of everyone except their shareholders?

medicare needs better incentives



istening to: cannibal ox - the cold vein
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