I want to talk about an exam, a personal example and get your reaction to it. I think the point about healthcare's effect on wages is extremely important. It would be okay if we were getting value for what we spent. If we were getting better health rather than just better, more healthcare. That ladder is the real problem.
Physician and author Vivian Lee talks about her book The Long Fix with EconTalk host Russ Roberts. Lee argues that we can transform health care in the United States, though it may take a while. She argues that the current fee-for-service system incentivizes doctors to provide services rather than keep patients healthy and that these are not the same thing. Topics explored include innovations in Medicare and in technology that might change treatment incentives as well as the weird world of health care pricing.