2min chapter

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456. How to Fix the Hot Mess of U.S. Healthcare

Freakonomics Radio

CHAPTER

Health Care Is a Right, You Say What I Say

In the nineteen sixties, health care was increasingly paid for by a third party, someone other than the patient. This lack of transparency led hospitals to start charging more. Insurers and employers tried to bring down those rising hospital costs. But medicare eventually established its own price list. A hip replacement would be reimbursed at x dollars. A coronary artery bipass surgery at y dollars. The current trend is for a lot of these employers to drive down insurance costs by doing the job themselves....

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