The Book That Was Grabbed...

Posted by Pete | Posted in | Posted on 10:52 PM

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Tagged by Thomas

1. Grab the nearest book.
2. Open the book to page 123.
3. Find the fifth sentence.
4. Post the text of the next 3 sentences on your blog along with these instructions.
5. Don’t you dare dig for that “cool” or “intellectual” book in your closet! I know you were thinking about it! Just pick up whatever is closest.
6. Tag three people.

Here goes:

"Bureaucracy next. Researchers at the Harvard Medical School found that the administrative costs of the US system, public and private, exceed $1000 per person. In other words, when you count all the taxes, premiums and out-of-pocket expenses, the typical American spends as much on doctor's receptionists and the like as citizens of Singapore and the Czech Republic spend on their entire medical care."

Wow, thanks to the Undercover Economist (Tim Harford) that turned out ok. I didn't cheat either. I'm reading it at the moment (thanks to my dad) and believe everyone should read it because it certainly changed my view on how business works in the real world!

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