In 2010, President Obama signed the Patient Protection and Affordable Care Act (PPACA) into law to address issues of access and cost in healthcare. In this lecture, we discuss these issues in healthcare and the role of the PPACA in addressing these issues to demonstrate how a public policy tool can be used to address many of the economic problems discussed throughout the course.
The overuse of medical services is a key problem in healthcare. Image courtesy of University of Nottingham on Flickr.
Keywords: Healthcare; medical costs; medical insurance; PPACA; moral hazard.
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- Issues in the US Healthcare System (00:08:20)
Issues in the US Healthcare System
- Government Health Insurance Policy: PPACA (00:10:09)
Government Health Insurance Policy: PPACA
- Moral Hazard and Cost Control in Medical Care (00:14:39)
Moral Hazard and Cost Control in Medical Care
- Potential Healthcare Cost Control Solutions (00:06:08)
Potential Healthcare Cost Control Solutions
This concept quiz covers key vocabulary terms and also tests your intuitive understanding of the material covered in this session. Complete this quiz before moving on to the next session to make sure you understand the concepts required to solve the mathematical and graphical problems that are the basis of this course.
These optional resources are provided for students that wish to explore this topic more fully.
The following article was referenced in lecture:
Gawande, Atul. "The Cost Conundrum." The New Yorker, June 1, 2009.
To learn more about healthcare reform, check out Professor Gruber's graphic novel: