Hi, everyone! Today's @BV post is the one you've all been waiting for...Noah Smith's economic policy platform!https://www.bloomberg.com/view/articles/2017-08-17/13-ways-to-strengthen-america-s-economy …
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Replying to @Noahpinion @BV
Curious: how does Japan's healthcare system/your proposal deal with long-term management of chronic/recurring conditions?
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Replying to @Noahpinion @BV
I mean I know that! I read the piece! I worry about that as a stress on low-income populations but I also get it's hard to reduce price...
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Replying to @csilverandgold @BV
When govt pays 70%, it has all the bargaining power, and so can force prices down pretty easily. Medicare is similar...
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Replying to @Noahpinion @BV
Hm. A quick google suggests very low medical bankruptcy in Japan. But perhaps hard-to-change structural reasons why their care is cheaper.
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I.e., same system in the US might cause greater medical bankruptcy (which I use as a proxy for unaffordable healthcare.)
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Replying to @csilverandgold
Maybe. But I think paying 100% of catastrophic costs will greatly reduce that.
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