Interesting and well-researched!
by Allan Joseph
Welcome to the 10th and final week of Project Millennial’s Summer Journal Club. Previous posts can be found here. This week, we talk about reforms meant to change the amount of care people use.
Last week, we discussed a simple equation to think about healthcare costs:
cost = price x quantity
We focused on the “price” part of that equation last week, and in today’s summer Journal Club finale, we’re going to talk about the quantity side. There’s a lot going on here, so we’ll break it down into a few categories. It’s important to note that most of these have to do changing the demand or supply of medical care itself, not just health insurance. Without further ado:
Changing Provider Incentives
Perhaps the single most surprising thing about the American healthcare system is the way we pay healthcare providers (doctors and hospitals). Instead…
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