The Economic Perspective: “Alternative Health Care Models”

This is Mary Walden with economist MW welcoming you to the economic perspective.  Today’s program looks at alternative health care models.  Mike, health care is still a major issue in the country. With the candidates already emerging for the 2020 presidential election, there’s been an increased discussion of how health care should be provided.  What are the alternatives?

Mike:  Summary Answer

  1. There are four basic models
  2. A private system – private providers and private decisions by consumers, but with government help in form of financial support for certain groups of consumers
  3. This is mainly the US system – government support is in form of helping senior and limited income households – Medicare and Medicaid
  4. Single payer – government pays health care for everyone, but still leaves providers in private hands
  5. Question here is what happens to private insurance, and whether people can pay for more than provided by the government
  6. Third version – private system, but government imposes price controls
  7. Last version – national health system – virtually total government control – providers are government employees; government pays for all care
  8. I’m MW

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.