Sen. Rand Paul: "There's huge value and health status improvement to be realized from having our employees and patients more generally take responsibility for managing some of their own health information" If you could do anything to the current regulatory environment, what would you change? What do you think is the biggest single improvement we can make in medical care for making a single change? I'll tell you, it's a great question to us because Max Bockett just came out with an 89-page white paper on pretty much everything that's wrong with the American health care system.
Steven Lipstein, President and CEO of BJC HealthCare--a $3 billion hospital system in St. Louis, Missouri--talks with EconTalk host Russ Roberts about the economics of hospitals. They discuss pricing, the advantages and disadvantages of specialization in modern medical care, and culture and governance of non-profit hospitals vs. for-profit hospitals. At the end they talk about the positives and negatives of a national health board patterned after the Federal Reserve.