Vivian Lee is president of Health Platforms at Verily Life Sciences. Her book is The Long Fix, which is our topic for today. She says doctors are paid to do things to people rather than take care of them. 8% of the healthcare dollar right now is being spent on administration alone compared to 3% in other OECD nations.
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.