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Paying for Medical Care

Victor Fuchs and Karen Eggleston

Chapter 7 in Who Shall Live?:Health, Economics and Social Choice, 2023, pp 115-128 from World Scientific Publishing Co. Pte. Ltd.

Abstract: How to pay for medical care? This question, which periodically has been the subject of vigorous debate in the United States for more than half a century, has moved to the forefront of public attention in the wake of rapid increases in the cost of care and heightened concern about inequality of access. More than a dozen different proposals for some type of national health insurance have been submitted in Congress, and major interest groups — private insurance companies, hospitals, organized medicine, and organized labor — have staked out their positions in great detail. Before considering the pros and cons of national health insurance and the implications of alternative proposals, a few general remarks about medical care finance and the present U.S. system are in order…

Keywords: Health; Economics; Health Economics; Health Care; Health Policy; Medicine; Medical Care; Health Systems; Health Insurance; Pandemic; COVID-19; ACA; Obamacare; Health Expenditures; Health Care Spending; Health Care Utilization; Health Outcomes; Life Expectancy; Mortality; Social Choice; Innovation; Personalized Medicine; Opioids; Opioid Epidemic; Deaths of Despair; Health Disparities; Social Determinants of Health; Hospitals; Doctors; Physicians; Patients; Polarization; Partisan Politics; Values; Inflation; Poverty (search for similar items in EconPapers)
JEL-codes: I1 I13 I15 I18 (search for similar items in EconPapers)
Date: 2023
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