Saturday, August 2, 2014

Health Care Economics

I just finished a Health Care Economics class last week and I found it fascinating. I would take more economics classes if I had the time.

One of the books recommended by the professor is this one by David Goldhill:


I just finished reading it and I think it has content that many in our country should read. I had no idea that there was another way to think about how to pay for healthcare other than the current insurance model.  From both the class and this book, I have learned that we treat health insurance unlike any other insurance we buy (ex: we don't expect car insurance or home insurance to pay for regular maintenance) and that because we expect for health insurance to pay for all of our health care costs, it creates waste and increased spending.  I don't know how we're going to get out of the mess we're in, but it looks like it might bankrupt us.  This book is definitely worth a read if you have the time.