Market Forces Created Our Dysfunctional Health System. Now We Must Harness Them to Drive Change with Ge Bai, PhD, CPA

“We have to cherish the opportunity in front of us. We’re at a point that public awareness of the current system failure is unprecedented.”  American health care is in crisis, but this expert says there’s reason for hope. MTVA spoke with renowned scholar Ge Bai, PhD, CPA about the dynamics underlying problems in our system, and how middlemen keep taking a bigger piece of the pie. She makes the case for removing the confusing layers that separate patients and physicians. Placing power back in the hands of health care consumers will give providers and insurers a strong incentive to innovate – a much-needed course correction.  Ge Bai is a Professor of Accounting at the Johns Hopkins Carey Business School and a Professor of Health Policy and Management at the Johns Hopkins Bloomberg School of Public Health.  A leading voice in health care finance and policy, Professor Bai’s expansive expertise and extensive body of work is influential. In this episode, she shares insights gleaned from testifying before Congress and explains how to break through the bureaucratic gridlock in Washington, D.C. and transform our system.  ———————————— We’re grateful to our Trade Member sponsor Connecticut Joint Replacement Surgeons LLC for their continued partnership and support of the Moving to Value Alliance. We’re also excited to introduce the new MTVA Membership program!  As a 501(c)(3) nonprofit, we rely on support from our grassroots network to advance our mission of creating a value-based health system with high-quality patient outcomes at a reasonable cost. We’re proud to offer two membership models, Ally Member and Trade Member. Tax-deductible membership contributions help us enrich the healthcare environment with quality content – including this podcast – and robust platforms to fuel discussion, collaboration, and advocacy that lead to ground-breaking solutions.  For more information and to join us, visit our website www.movingtovalue.org/trademember. All episodes of MTVA Unscripted can be found ⁠here⁠.