Episode 176: How Economists Think About Health Care (with Peter Van Doren)
Channel: Libertarianism.org
Date: 2017-03-03

Peter Van Doren joins us this week to talk about health care economics. How much should we spend on health care, and how would we know the answer to that question?

Show Notes and Further Reading

Van Doren mentions “The Market for Lemons,” (1970) a fascinating concept and paper by George Akerlof.
https://en.wikipedia.org/wiki/The_Market_for_Lemons

Mark Pauly’s 2003 paper “Incentive-Compatible Guaranteed Renewable Health Insurance” is mentioned several times in the episode.
https://www.nber.org/papers/w9888

Van Doren also talks about John Cochrane’s writings on health-status insurance. Here is a Cato Policy Analysis from 2009 on the topic.
https://www.cato.org/publications/policy-analysis/healthstatus-insurance-how-markets-can-provide-health-security

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