The Economics and Ills of U.S. Health Care and Health Insurance with Zack Cooper

The structure of the U.S. health care system, particularly employer-sponsored insurance, is significantly impacting the economic well-being of most Americans.  In this episode, Zack Cooper, Associate Professor of Public Health and Economics for Yale University, examines the drivers of rising health care costs and their impact on individuals and the economy. He highlights the disconnect between Medicare and private insurance spending, the role of provider market power in driving up prices, and the surprising link between health care costs and job losses for lower and middle-income workers. Zack explains that rising health care premiums lead companies to reduce payroll, disproportionately affecting workers earning between $20,000 and $100,000 annually. He argues that employer-sponsored insurance contributes to income inequality and suggests potential policy solutions such as broader insurance markets, eliminating employer-sponsored insurance, and stronger antitrust enforcement in the health care sector. Zack also touches on the debate between single-payer systems and market-based approaches, emphasizing the need for greater efficiency and value in health care spending. Tune in and learn how health care costs are affecting your wallet and the broader economy! About CareQuest: CareQuest Institute for Oral Health is a national nonprofit dedicated to creating an oral health care system that is accessible, equitable, and integrated. Learn more about how their advocacy, philanthropy, research, and education are creating a better oral health system at carequest.org/turnonthelights