Health Economics | James Bailey

James Bailey analyzes the public healthcare system in the United States. He compares the cost of healthcare in the US to the amount spent in other developed countries well-known for the quality of their service.

CONTENT OF THIS VIDEO:
00:43 Conventional wisdom on the US and other developed countries healthcare system
07:34 Can Markets work in health?
15:51 RAND experiment
18:15 Evidence from the introduction of Medicare
25:43 Affordable Care Act (ACA)
32:19 Medicaid Expansion in the US
34:37 Case Studie: Massachusetts
36:35 Closing credits

RELATED BOOKS:

ABOUT JAMES BAILEY
James Bailey is Assistant Professor at Creighton University. His research interests include health economics, labor economics, and entrepreneurship. His publications include journal articles in Economics Letters, Eastern Economic Journal, and the Journal of Health Economics.

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[mns]

his presentation is clear, his conclusions valid. I'm not sure why others are confused.

[LarryReynolds]

He claims that moral hazard is a "market failure" but the reasons he gives (over-use of insurance, lack of price information) are at least partially caused by completely idiotic gov't policy that distorts incentives. Good grief!

[werkoholic]

Great presentation! Can I get access to these slides? Thank you.

[massspike]

He got Canada and Britain wrong, so should I trust what he says about the US?

Canada's single payer system covers less than Medicare/Medicaid -- only 60% of Canadians health care needs and why 70% have private coverage (typically $5K per family) the rest pay cash for prescriptions, dental, vision, physio, etc. Britain has a significant private health system including private hospitals.

[UNTBC]

if your last thought of requiring hospitals to post prices, then the rest of your lecture was a worthless slog through a power point presentation. you did not make your case, and you did a D- in adequately describing the forumal of the system you used to get to your point. talk radio has already gone over all these points and did using the free market of advertising to do it. So not only was your lecture not focused and not enjoyable to listen to, but was late, missed several other details that was covered in an entertainment programming...

[sanjeevkumarpugazhendhi]

Wonder which insurance company is bribing this guy?