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)
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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?
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That's the trillion-dollar question, right? You could go one of two ways on it, cutting regulatory barriers (removing the residency cap, making it easier for RNs & doctors to practice independently, etc.) or nationalizing the whole thing. IMO, the former would go better, but YMMV
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