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Creating a New Healthcare

Episode #186 Who Really Pays for Higher Healthcare Costs? with Zack Cooper, Associate Professor of Public Health and Economics, Yale University

Oct 22, 2024
Zack Cooper, an Associate Professor of Public Health and Economics at Yale University, delves into the pressing issue of rising healthcare costs. He reveals that increasing hospital prices are the primary driver of these costs, directly impacting insurance premiums and, consequently, worker wages. The discussion highlights the disparity in healthcare experiences across income levels, particularly affecting low and middle-income workers. Cooper argues for systemic changes to alleviate these burdens on working Americans and emphasizes the necessity of awareness in addressing economic inequality.
01:01:49

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Rising hospital prices significantly contribute to increased healthcare costs, leading to higher insurance premiums and job instability for workers.
  • The current healthcare system exacerbates economic inequality as rising costs result in layoffs and financial distress for lower-income Americans.

Deep dives

The Burden of Rising Healthcare Costs

Rising healthcare costs are currently the most significant issue facing the American healthcare system, affecting nearly all aspects of social and economic life. A notable point made in the discussion is that expanding insurance coverage has not alleviated the burden of these costs; rather, many insured individuals still struggle to afford medical bills. In fact, 44% of those with health insurance report difficulties in managing their medical expenses, highlighting a shift from uninsurance to underinsurance. This burden disproportionately impacts working Americans, as both direct healthcare costs and indirect consequences, such as job losses, feed into a cycle of economic disparity.

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