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Dear Alexa, My friends and I went to the movies last weekend, and at the end of the night I realized I paid more for my popcorn, soda and candy, than I did for my actual movie ticket! Why are movie concessions stands so expensive? Please Explain! Kate Well Kate,... [read more]
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EconLife.com connects economics to everyday life, current events and history.

blog: the economic life

Pablo Picasso is quoted for (maybe) saying “Bad artists copy. Good artists steal.” Perhaps, when pondering health care reform, Congress should do more “stealing”. Looking at Switzerland’s health care model, we might “steal” their attention to incentives. Insurers, patients, and physicians each have incentives that achieve the model’s goals. With a much larger and more diverse society, their system might not be transferrable to the United States. However, we can learn from it. Similarly, are we learning from the problems being experienced by Massachusetts and its universal health care initiative? The link to the NY Times article about the Swiss health care model has been posted in today’s “Notes”.