Session Overview
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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.
Session Activities
Lecture Videos
View Full Video
- Lecture 26: Healthcare Economics (00:39:19)
- Transcript (PDF)
View by Chapter
- Issues in the US Healthcare System (00:08:20)
- Government Health Insurance Policy: PPACA (00:10:09)
- Moral Hazard and Cost Control in Medical Care (00:14:39)
- Potential Healthcare Cost Control Solutions (00:06:08)
Check Yourself
Concept Quiz
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.
Further Study
These optional resources are provided for students that wish to explore this topic more fully.
Additional Readings
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:
Gruber, Jonathan. Health Care Reform: What It Is, Why It's Necessary, How It Works. Hill and Wang, 2011. ISBN: 9780809053971.