The Political Economy of Health Care

Yasmin Valdez  | 03 de agosto de 2018  | Vistas: 108

Roberta Herzberg is Senior Fellow at the F.A Hayek program in advanced Study in philosophy, politics, and economics. She explains why the health policies are her favorite topic, and gives a general view of what the system status is; including the main issues and changes. She uses a different perspective to aboard this topic, an economic one; she explains the central obstacles in the market model and the association with politics. Roberta clarifies that when figuring out how to solve the health care problem:

The thing that you want to recognize is that is not a single problem. it's a lot of different ones linked together.”

Herzberg points out the result of people not wanting to contribute to the cause. She analyzes the three primary dimensions in how people want to see a change in health care.

1. Access
2. Quality
3. Cost

She explains how these interact and how it is possible to improve with reform, two of the dimensions, but explains it’s a hard to do all of them simultaneously. She proceeds to describe why access to health care vs. access to health insurance is a critical problem in the USA. She also discusses how the Obama Care changed all the system, services, and the market. Herzberg comments on the leading point of the emergence of the debate about health reform.

The same flawed people that are making bad decisions in the marketplace, also would be the same people making the flawed decisions in the political arena."

Roberta evaluates the cost of health care, the many factors that contribute to the cost, and presents the consequences of not having price systems. She discusses moral hazard and the frustration of the people in the United States. Herzberg concludes evaluating the quality of health care and reveals why the health exchanges have been increasing, and more insurers have left the marketplace.