Why have prices of health care & education gone up SO much? (~200% in just 20 years)
My latest podcast is with economist @ATabarrok who blames a phenomenon called the Baumol Effect. Audio + transcript: http://rationallyspeakingpodcast.org/show/rs-236-alex-tabarrok-on-why-are-the-prices-so-dmn-high.html …
Lots of interesting questions here! Thread: (1/n)
-
-
In other words: it's possible that many people who need or strongly desire healthcare can't afford it, and many people who *can* afford it are consuming tremendous amounts of it despite having only a minor need or desire for it.
-
So what's unclear to me is what the 'fix' would be, or rather, what would lower prices. Is it anti-trust against insurance and health companies? Is it removing legislation that restricts healthcare? Is it something else?
- 3 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.