Richarddwolff
@richarddwolff·355K subscribers·501 videos
The Basic Economics of National Health Insurance
Posted
December 11, 2011
Views
17,208
Likes
400
Comments
52
Engagement
2.63%
December 11, 2011
17,208
400
52
2.63%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
5:23Now PlayingPUBLISHED ON OCTOBER 16, 2011
The US now has one of the most expensive health care and insurance systems in the world, while its health "outcomes" - how healthy we are, how long we live, etc. - are mediocre. The reason is the absurd expenses of our peculiar health insurance and care systems because they are organized as private businesses (unlike most other advanced industrial countries in the world). If we had the government buy drugs at huge quantity discounts and pass the savings onto citizens, costs of medicines and medical equipment would drop the far lower levels in other advanced countries; if we rationalized duplication of hospitals, clinics, etc more savings would result; likewise reducing doctor's salaries to those of most other professions and insurance companies to save on their duplications and profits...such obvious steps would allow the US to support its citizens health better and at far less cost than is now the case.
Original Video
.......
Professor Wolff's Website: www.rdwolff.com
Professor Wolff's RSS Feed
Professor Wolff's Podcast
Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Please contact profwolff@rdwolff.com to request permission. We reserve the right to refuse or rescind permission at any time.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
