Enjoy fast, FREE delivery, exclusive deals and award-winning movies & TV shows with Prime
Try Prime
and start saving today with Fast, FREE Delivery
Amazon Prime includes:
Fast, FREE Delivery is available to Prime members. To join, select "Try Amazon Prime and start saving today with Fast, FREE Delivery" below the Add to Cart button.
Amazon Prime members enjoy:- Cardmembers earn 5% Back at Amazon.com with a Prime Credit Card.
- Unlimited Free Two-Day Delivery
- Instant streaming of thousands of movies and TV episodes with Prime Video
- A Kindle book to borrow for free each month - with no due dates
- Listen to over 2 million songs and hundreds of playlists
- Unlimited photo storage with anywhere access
Important: Your credit card will NOT be charged when you start your free trial or if you cancel during the trial period. If you're happy with Amazon Prime, do nothing. At the end of the free trial, your membership will automatically upgrade to a monthly membership.
Buy new:
$25.95$25.95
FREE delivery:
April 22 - 24
Ships from: Amazon.com Sold by: Amazon.com
Buy used: $6.14
Other Sellers on Amazon
+ $3.99 shipping
91% positive over last 12 months
Usually ships within 4 to 5 days.
& FREE Shipping
88% positive over last 12 months
Usually ships within 3 to 4 days.
& FREE Shipping
73% positive over last 12 months
Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required. Learn more
Read instantly on your browser with Kindle for Web.
Using your mobile phone camera - scan the code below and download the Kindle app.
The Cure: How Capitalism Can Save American Health Care Hardcover – October 9, 2006
| Price | New from | Used from |
Purchase options and add-ons
- Print length325 pages
- LanguageEnglish
- PublisherEncounter Books
- Publication dateOctober 9, 2006
- Dimensions6 x 0.75 x 9.25 inches
- ISBN-101594031533
- ISBN-13978-1594031533
The Amazon Book Review
Book recommendations, author interviews, editors' picks, and more. Read it now.
What do customers buy after viewing this item?
- Most purchased | Highest rated | Lowest Pricein this set of products
Your Money or Your Life: Strong Medicine for America's Health Care SystemPaperback
Editorial Reviews
From the Back Cover
- Milton Friedman, Nobel Laureate, Economics (from foreword to The Cure)
"The Cure is a must read for all students of health care policy. Dr. Gratzer correctly diagnoses the U.S. health care system's problems and proposes workable solutions to fix them. His ideas will help reign-in costs while, at the same time, preserve necessary incentives for quality-of-life enhancing innovations."
--John F. Cogan, Senior Fellow, The Hoover Institution, Stanford University
"David Gratzer's well written book should be in the reading list of anyone interested in health care reform. In five-sixths of the U.S economy, we look to markets as an organizing mechanism; in the one-sixth of the economy represented by health care, public policy has frustrated markets, with adverse consequences for cost, access, and quality. Gratzer's capitalist manifesto is a shot in the arm; with it, the much that's right with American health care can grow."
--R. Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics, Columbia Business School; and former Chairman of the Council of Economic Advisers.
"The caduceus is an apt symbol for medicine, given the bureaucratic snake pit the American health care system has become. Dr. David Gratzer skillfully wields Occam's razor to shave away the Byzantine rhetoric and show us that the cure for health care comes in the simplest of formulas - free markets, less government meddling, and a healthy dose of capitalism."
--Governor Bill Owens, Colorado
"Dr. David Gratzer is uniquely qualified to diagnose and provide a treatment regimen for the US health care system's problems. In this book he performs this function for us, does it with his usual acumen and clarity. He leads us by the hand through the labyrinth of legal, institutional and regulatory events that brought to the point where, at least to some, we are in a health crisis that can only be solved by further movement away from the market and toward a universal centrally controlled system. He thoroughly debunks the notion we can improve the US health care system by becoming more like our neighbors to the North. After taking us there, he shows us why these same legal, institutional, and regulatory events are largely responsible for our predicament and that the popular solution of more of the same is not the answer. He convincingly demonstrates that the only way out is less regulation of, and more freedom for, the providers and customers of health care. This book should be read by anyone involved, or with the hope or potential to be involved, in determining health care policy."
--Tom Saving, Director, Private Enterprise Research Center at Texas A&M University.
"Excellent addition to the emerging call for empowering patients rather than government bureaucrats with control of the health care dollar, written by someone with an expert view from the inside!"
--Scott W. Atlas, MD, Senior Fellow, Hoover Institution, Professor, Stanford University School of Medicine
About the Author
Nobel laureate Milton Friedman authored the foreword to Dr. Gratzer's newest book, referring to him as "a natural-born economist." In The Cure: How Capitalism Can Save American Health Care (Encounter Books, October 2006), Dr. Gratzer offers a detailed overview of American health care and makes the case that it's possible to reduce health expenses, insure millions more, and improve quality of care without growing government or raising taxes.
Dr. Gratzer is the author of Code Blue: Reviving Canada's Health Care System (ECW Press, 1999) and is the editor of Better Medicine (ECW Press, 2002), a collection of essays from leading health care thinkers in North America and Europe. He is often quoted across North America and is frequently invited to speak on health reform. He has debated Congressman Gil Gutknecht on drug reimportation at the American Enterprise Institute, has testified before Congress on the Health Care Choice Act, and has keynoted the Long Island Health Care Summit after Senator Hillary Clinton cancelled because of a scheduling conflict. Dr. Gratzer has written for more than a dozen newspapers and magazines and is a peer reviewer for numerous publications and organizations.
Product details
- Publisher : Encounter Books; Annotated edition (October 9, 2006)
- Language : English
- Hardcover : 325 pages
- ISBN-10 : 1594031533
- ISBN-13 : 978-1594031533
- Item Weight : 1.19 pounds
- Dimensions : 6 x 0.75 x 9.25 inches
- Best Sellers Rank: #4,379,323 in Books (See Top 100 in Books)
- #1,518 in Canadian Politics
- #1,996 in Epidemiology (Books)
- #2,067 in Health Policy (Books)
- Customer Reviews:
About the author

Discover more of the author’s books, see similar authors, read author blogs and more
Customer reviews
Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them.
To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyzed reviews to verify trustworthiness.
Learn more how customers reviews work on Amazon-
Top reviews
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
The strong point of this book is that the author is licensed in both the U.S. and Canadian health care systems, and very familiar with both. Proponents of alternatives to our current system often seem to overlook the fact that all existing alternative systems also have problems, which cannot be improved by mere ignorance.
Combining this book's real world experience with the Kling book's hard-headed focus on economics provides much to chew over in the debates surely about to begin again in the U.S.
Dr. Gratzer persuasively argues that the fundamental problem with U.S. health care is too much government regulation. To argue this, Dr. Gratzer first notes how the employer-based health coverage arose as an unintended side effect of a tax law, which allowed employers to write off health care expenditures for their employees. Moreover, Dr. Gratzer argues that both Democrats and Republicans have both essentially offered more government regulation as the solution to health care, which has not worked. The Democrats, such as the LBJ Administration, promoted enormously inefficient programs such as Medicare and Medicaid. The Republicans, have promoted bureaucratic HMOs, which have led to similar large-scale inefficiencies.
Driving this point further, Dr. Gratzer greatly details the harmful economic consequences of government regulations in health care. For example, the Emergency Medical Treatment and Active Labor Act (EMTALA) forbids hospitals from denying any patient for emergency care. The economic reality is that this leads to hospitals suffering economic losses by being forced to treat patients, regardless of if they can pay for the care, which ultimately leads to the closing of hospitals. Furthermore, insurance mandates, such as benefit mandates, rating mandates and bans on out-of-state insurance, restrict competition and lead to higher insurance premiums. Dr. Gratzer also thoroughly analyzes the harmful economic consequences of the FDA, Medicare, Medicaid and much more.
This book also dispels many common myths about the quality of U.S. health care. For example, statistics are often cited to argue that Canadians and/or Europeans have higher life expectancies than U.S. citizens. Dr. Gratzer argues that such studies mistakenly compare statistics on *health* when they should be on *health care*. There numerous lifestyle habits that differ between cultures, such as frequency of exercise and diet, which effect health. Dr. Gratzer proposes examining statistics on cardiac arrest patients, to see which country offers better treatment. In these respects, Dr. Gratzer argues that the U.S. system is clearly superior to its universal health care counterparts.
As one can infer, Dr. Gratzer proposes free market solutions to fix American health care. Specifically, he proposes drastically reducing the various regulatory excesses that he delineates throughout his book as well as embracing Health Savings Accounts. As always, Dr. Gratzer corroborates his arguments with real-world success stories, such as the success of Whole Foods' adoption of HSAs for its employees.
I highly recommend this book to all fans of free market capitalism with an interest in health care policy.
"The Cure" begins by relating stories of patients waiting for care in Canada's publicly financed health care system, pointing out that some die as a result. Far more frequently reported deaths in American E.R.s waiting for care are ignored. Gratzer belittles the uninsured problem - pointing out that most reported as such are in that category for only part of the year, while ignoring the fact that coverage breaks create long-term non-coverage of pre-existing conditions and liability for overwhelming medical bills.
Gratzer's prime argument is that restricting patient choices (HMOs; Medicare and Medicaid) brings higher costs - since HMO restrictions are primarily aimed at holding costs down, and most Medicare and Medicaid do not limit choice, I have no idea what this is based on. He then goes on to complain about Medicaid's basically eliminating deductibles - perhaps he'd rather wait until they show up in the E.D.? (A 6/26/08 WSJ article reported that 38% of uninsured delayed/did without care because of cost concerns; 17% of those with insurance did so also.)
Gratzer's ire is next directed at FDA delays in approving new drugs - ignoring the fact that the vast majority of "new" drugs now are "me-too" versions of existing drugs (eg. Vytorin - 20X as expensive as equivalent existing drugs), and a few even are deadly (eg. Baycol, Vioxx, Avandia, Thalidomide). Drug companies complain about billions required to bring new drugs to market, then forget to mention that most of these funds are supplied by government research grants, that much of their research is statistically invalid and/or misleading, and that Americans pay more than any other nation for prescription drugs.
Medical Savings Accounts (MSAs) are touted as an alternative to employer-provided health insurance - great if one has a 6-figure income, useless at near minimum wages. Gratzer also ignores the high administrative costs and selective enrollment/disenrollment machinations of insurers - especially those covering small businesses and individuals. Then there are the embarassing comparisons between costs of privately- and publicly-provided Medicare coverage and/or drugs.
Wennberg's practice-pattern variation is covered - way too briefly. Worse yet, Gratzer fails to point out that this presents an ideal opportunity for government intervention to reduce costs while improving quality. (CT angiograms are widely condemned as greatly overused to build revenue while having little medical value, at the same time subjecting patients to cancer-causing radiation 1,000X that of a regular x-ray.) Similarly, the 100,000+ deaths/year due to medical errors. (The latter have been shown to be best addressed through computer-assisted prescribing, steering patients to highest-volume providers ("practice makes perfect"), and intensivists in the ICU.)
The "good news" is that Gratzer correctly identifies the paucity of health care outcomes data as impeding objective consumer choice, then fails to recognize that this has best been addressed to-date by government actions (eg. N.Y. vs. CABG results) and that it is always strenuously opposed by health care providers with capitalist motives. On the other hand, those needing emergency care, especially out of their normal area, are not in any position to use such data - unless enforced somehow by government mandate.
Neither conservatives nor government interventionists (eg. today's New York Times reports that competitive bidding offers considerable savings in medical equipment) have all the answers. Gratzer should start over, using that as a premise.


