Effective health care policy is all about changing incentives... and the current system is set up to incentivize more expensive care according to Charles Wheelan.Wheelan compares the U.S. health care system to the mortgage crisis, talks about where the incentives to actually be healthy could be placed and explores the behavioral economic factors that may give doctors good reasons to order bad procedures.
Wheelan is a professor at the Harris School of Public Policy at the University of Chicago and writes "The Naked Economist" column for Yahoo! Finance.
LISTEN: CHARLES WHEELAN - BEHAVIORAL ECONOMICS & HEALTH CARE
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