I'm a real believer in personal health records as differentiated from electronic health records. The BJC developed a benefit for our employees called MyHelpFolders.com. And it's an internet-based tool where I can keep folders online for my wife, my three children and my mom when she was alive. With just a pin and a password, I can get access to that information from any emergency room anywhere in the world.
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.