Health care differs from other industries because the goal of policy is to protect individuals from financial ruin in the event of serious illness; once nearly everyone has such insurance, the price mechanism is short-circuited, leaving only second- or third-best methods of limiting spending and weak incentives for uniformity.
causalpending
Speaker
Henry AaronEvidence Quote
“this is the one industry in which the goal of policy both private and public really is to protect individuals from financial ruin... in the event of serious illness that's called health insurance”
Created: 6/15/2026, 9:20:32 AM
My Notes
Loading notes...