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In this episode, Michael F. Cannon, the Cato Institute’s Director of Health Policy Studies, dives into the policy decisions that shaped Medicare and fundamentally distorted the U.S. health insurance market. From how tax incentives nudged Americans into employer-sponsored plans to the unintended consequences that left many seniors uninsured, Cannon breaks down the government’s role in creating systemic challenges in health care. He also explores how tax policy has long been used as a tool to mandate certain health behaviors, and what a less distorted, freer market might look like. If you want to understand the policy roots behind today’s health care complexities, this conversation is a must-listen.…
Jackson Hammond on the Exploding Costs of U.S. Health Care: Analyzing the 2023 CMS NHE Report
Manage episode 425444828 series 3439064
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In this episode of DC EKG, hosts Joe Grogan and Eric Ueland welcome Jackson Hammond, a Senior Policy Analyst at Paragon Health Institute, to explore the future of U.S. health spending. Jackson provides a detailed analysis of the CMS National Health Expenditure report, discussing the projected $7.7 trillion spending by 2032, current expenditure trends, and the drivers behind 2023's spending spike. The conversation also covers the impact of inflation and policy changes, the challenges of sustaining such high spending levels, and potential reforms like enhancing patient control, transparent pricing, and reducing health system monopolies.
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