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Elizabeth Fama's avatar

I always look for regulations or unintended consequences of taxes or programs when I see things not working as they should. There's an old but interesting Forbes article that points out that house calls in the US by doctors didn't start dwindling until the 1960s, and it seems to coincide with the change from patients paying doctors directly, to payments being made by private health insurance, Medicare, Medicaid, and the Children's Health Insurance Program. The cost of waiting and travel time (and chocolate) shifted from doctors to patients because the customer was no longer able to signal how much they valued their time.

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