Cover image of show Bipartisan Promise!

Bipartisan Promise!

Podcast by Phil McCarthy and Professor Pete Hilsenrath

English

Personal stories & conversations

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About Bipartisan Promise!

Join Phil and Professor Pete as we journey to sprinkle some common sense on today’s issues. If you are sick of getting your facts about important issues through sound bite clips of politicians and slanted media, we are here for you! We go one level deeper to get beyond the rhetoric, we will not tell you how to vote, but we will help you understand the issues so you can decide!

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8 episodes

episode Why Does Health Care Cost SO MUCH??!! artwork

Why Does Health Care Cost SO MUCH??!!

I hate this job, but I cannot quit to do what I really want because of the health care!  Why all the arguing, why don’t they just tell me the truth about Health Care Costs??  Let’s tap into Professor Pete’s years in healthcare economics and finance, hear about his new book "American Healthcare: Why it Costs so Much yet Remains a Beacon of Growth and Development" and…get beyond the rhetoric to the solution!! American healthcare costs too much. The reason is not utilization. Americans do not differ that much from others. The primary reason is price. A noted Princeton health economist once quipped "Its the prices stupid" when asked why healthcare is so expensive in the United States. Various reasons account for the high prices. Chief among them are what economists call moral hazard. It is easy to be a hero and spend whatever it takes on healthcare if insured and others pay the tab. This leads to competition focused not on price but rather perceived quality. Healthcare competition encourages differentiation at all levels. Monopoly power, sometimes underpinned by government licensure is yet another big problem.

20 Aug 2024 - 34 min
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