Getting Better Health Care – How basic economics informs solutions for the health care crisis
The basic principles of economics explain why our health care system is in distress. Insurance, tax laws, and lack of competition contribute to the problem. In this second part of a 2-part series, we discuss solutions to our health care crisis based on an understanding of the underlying economic principles.
We are joined again by Dr. Robert Whaples, Professor and Chair of Economics at Wake Forest University and director of the EH.net economics history website. Dr. Whaples is also the lecturer in The Teaching Company course, Modern Economic Issues (which I heartily endorse).
In this episode, how changing tax laws, the structure of our insurance system and increasing competition can help address this crisis.