The Great Antidote Michael Cannon on Prices and Health
Aug 9, 2024
Michael Cannon, the director of health policy studies at the Cato Institute, returns to discuss the complexities of the American healthcare system. He emphasizes how misconceptions around free markets affect health outcomes and argues that unfettered markets can greatly enhance access to care. Cannon critiques government interventions that distort pricing and leave patients worse off. He shares insights on the lifecycle of medical innovation and stresses the need for price transparency, leaving listeners hopeful for a more efficient healthcare landscape.
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Embrace Your Unique Existence
- Recognize your uniqueness and marvel at your existence to enjoy life more fully.
- Appreciate your complex brain and value yourself as a rare, magnificent creature.
Healthcare's Unique Vulnerability
- Healthcare is special because it serves us at our most vulnerable moments.
- It suddenly demands resources, unlike food or shelter, due to sudden health crises and fear of mortality.
Medical Advances Extend Lives
- Michael Cannon recalls classmates fundraising for cystic fibrosis when life expectancy was around 30 years.
- Advances have extended lives far beyond those early predictions, illustrating medical progress.
