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\nMarket failure in healthcare\n

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\n\nPublisher:\n\nGlobal Health with Greg Martin\n\n\n
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\nWhen it comes to health expenditure, the US is an absolute outlier, outspending other countries by a substantial margin. So health outcomes in the US must be spectacular. Well, no, US ranks last out of all industrialized countries when...\nWhen it comes to health expenditure, the US is an absolute outlier, outspending other countries by a substantial margin. So health outcomes in the US must be spectacular. Well, no, US ranks last out of all industrialized countries when health outcomes (like life expectancy, infant mortality, prevalence of chronic disease etc.) are measured at a population level. It also happens to be the only industrialized country that hasn’t adopted the principles of universal health coverage, instead relying principally on private healthcare and market forces to determine who gets what. So why haven’t markets delivered? Well its not surprising at all. Let’s take a look at simple economics. \n
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Resource Details

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Media Length
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4:27
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nGlobal Health with Greg Martin\n\n
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Date
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2023
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Language
English
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Audiences
For Teacher Use
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Concepts

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public health, epidemiology, markets, healthcare, work, leads, poverty
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global health, international health, mph, healthcare provider, markets fail, healthcare decisions, market, patient, patients, words, relates, problem, called
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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Market failure in healthcare\" href=\"/subscription/new\">\"Market\n\n
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