3min chapter

Freakonomics, M.D. cover image

66. Does Health Insurance Make You Healthier?

Freakonomics, M.D.

CHAPTER

Are You Sensitive to Prices?

The Rand Health Insurance Experiment is the largest health policy study in US history. It found that when patients have to pay more for health care, they use less of it. "When you pay doctors more for stuff, they do more stuff," says economist Joe Newhouse.

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