For a state governor, the ultimate third-party payer is the federal government.
For all intents and purposes, Professor Cochrane is explaining the economics of third-party payer, which occurs when government intervention undermines the ability of markets to promote efficiency and low prices.
FORBES: President Obama's HHS Mandate: Religious Intolerance and Economic Ignorance
So rather than borrow the 19bn euros from third-party investors in the normal way, the Spanish government wants to give Bankia 19bn euros of its bonds in return for a majority stake in the bank - or so the FT says.
The primary concerns consumers expressed related to misuse of personal information by the government and fears that third-party companies would not sufficiently protect their personal information.
If all goes well, and if the test results are verified to the state government's satisfaction by a third-party auditor, which should happen within a few weeks, the plant will begin trucking mountains of used and otherwise useless (but free) cocoa-bean shells to the plant early next year.
After a decade of growing public anger, an aggressively anti-immigrant and anti-Muslim politician, Geert Wilders, leads the third-largest party, which keeps the government in power.
FORBES: Immigration and Islam Raise Questions of Dutch Identity (NYT)
Pier Ferdinando Casini, the leader of the third-biggest party in Mr Berlusconi's government of 2001-06, gave his speech a rapturous welcome.
ECONOMIST: Watch out Romano Prodi, there's a Ferrari on your wheel
Third-party payers and the government call the shots instead of the patients.
The critical issue here, which certainly transcends Big Pharma, is whether under federal common law, third-party beneficiaries can sue government contractors to enforce the statutory requirements with which those businesses contractually pledged to comply.
FORBES: Supreme Court Cert Grants: FOIA, False Claims And The Return Of Anna Nicole Smith
Although the model differs from region to region and doctor to doctor, concierge medicine basically means that patients pay doctors to be their agents, rather than the agents of third-party-payers such as insurance companies or government bureaucracies.
The Tea Party has chosen fear by leveraging control of one-third of government to threaten default if they did not get significant budget cuts.
Its amazing to me how many ways supporters of government health care can find to rationalize the bad incentives of third-party payers systems.
Accordingly, the more healthcare utilization increases, the higher the cost for third party payers, which include not just insurance companies, but taxpayer-supported government insurance plans such as Medicare and Medicaid.
The report concludes with a list of 374 known asthmagens, identified by government agencies, third-party regulatory agencies, and academic sources.
One last thing: Over the long run the only way to tame health care costs in the U.S. is to wrest control of medical dollars from third-party insurers such as employers and government--and hand it to individuals.
Or they can cast third-party ballots and spend election night in self-righteous consolation about their roles in granting the government greater power.
FORBES: Voting for President: The Lesser Evil Is Still Rather Evil
While contractual agreements between individuals and third party payers may be advisable to insure against catastrophic health events, it is important to realize that the ubiquity of the third party payer paradigm for ordinary healthcare arose not from the free market, but in response to government-imposed wage freezes enacted during World War II.
应用推荐