Good post on the costs of the US healthcare system by Wintercow over at The Unbroken Window.

Some quotes:

"Follow the goods, not the money."

"How would you measure how costly the U.S. medical system is? Would you look at how many dollar bills are spent? Or would you examine what real resources are used up in order to deliver said outcomes? Good economics suggests the latter."

Or, more generally speaking:

How would you measure how costly X is? Would you look at how many dollar bills are spent? Or would you examine what real resources are used up in order to deliver said outcomes? Good economics suggests the latter.

Public Health and the Regulatory State

That's the title of a recent post by Eric Crampton over on Offsetting Behaviour and also of the paper he discusses therein, by Pierre Lemieux.

A slice:

 "Contemporary public health cannot be pursued without lifestyle controls, and lifestyle controls cannot be imposed without harming some real individuals."

and:

 "The vast majority of the costs tallied in these studies, when not simply fabrications of double-counting, are costs smokers, or drinkers, or the obese, impose on themselves. But they're presented to the public as "costs to the country" rather than "costs incurred by the obese, smokers, and heavy drinkers.""

(Emphasis added)

If you don't already read Offsetting Behaviour you really should.  I've been following it for several years now and it remains one of my favourite blogs.