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Thursday, January 13, 2005

Buzz for Miracle Cure

Miracle Cure is a new book by Sally Pipes of the Pacific Research Institute that takes on the question of uninsured individuals and reform of the health care system. I've just had the chance to read some reviews and comments by Walter Williams about the book, but it looks like a very serious critical analysis of American and Canadian health care. No lame talk show sloganeering, here. This looks like the real deal. She's got endorsements from Milton Friedman and Steve Forbes, both of whom have been known to take an interest in innovative policy development. Here's a nice excerpt from Williams' column about the book:

"The recently published 'Miracle Cure,' by Sally Pipes, president of the San Francisco-based Pacific Research Institute, exposes health-care myths while explaining why the sometimes-touted Canadian style health care isn't the answer. Myth: Uninsured individuals have no access to medical care. Fact: It turns out that in 2004 uninsured Americans received $125 billion of health care, of which $41 billion was provided totally free of charge. Myth: Skyrocketing prescription drugs are driving health-care spending up. Fact: According to the Bureau of Labor Statistics, as a whole, Americans spend about 1 percent of their income on drugs. Seniors spend about 3 percent on drugs, less than the amount they spend on entertainment. Spending on drugs, as a percent of total health-care spending, was 10 percent in 1960. It's roughly the same today."

The link I've provided at the top of this post takes you to a page where you can get much more indepth information about the book, including the full 10 myths and facts about health care in the press kit. If Mr. Karnick were still putting out American Outlook, I'm sure he'd have a nice article by Ms. Pipes out in the next issue.

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