Hope for US Healthcare

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Abstract/Contents

Abstract: US Healthcare is built on free market principles meant to embrace individual liberty in their healthcare choices, and to leverage competition to incentivize cost effective, high quality care. The reality is a highly fragmented ecosystem whose total expenditures eclipse comparable OECD countries amounting to nearly 20% of GDP, with overall worse outcomes. This paper leverages a literature review approach to analyze each sector of healthcare to quantify its cost drivers, market position, and how they each impact overall cost and quality of US healthcare. Rather than aligning profits with health and
creating competition to reduce prices and improve care, the fragmented market is rife with anti-competitive behavior, pitting each sector against the other, and continuously driving up prices. It is proposed that policy be adjusted to align profits with health, legal kickbacks distorting the economy be eliminated, and markets be truly transparent and free to negotiate their best interests.

Author	Rosen, Gil
Advisor	Polyakova, Maria
Advisor	Rosston, Greg
Degree granting institution	Stanford University
Department	Public Policy

Subject	Healthcare Cost and Utilization Project (U.S.)
Subject	Health insurance > Government policy
Subject	Health care reform
Subject	Pharmaceutical policy
Subject	Medicare
Subject	Medicaid
Subject	Pharmaceutical Research and Manufacturers of America
Subject	Physicians
Subject	Antitrust investigations
Subject	Hospital care
Subject	Value Based Care
Subject	Stanford University
Subject	Humanities and Sciences
Subject	Public Policy Program
Genre	Text
Genre	Thesis

DOI	https://doi.org/10.25740/fy040rv4004
Location	https://purl.stanford.edu/fy040rv4004

Use and reproduction: User agrees that, where applicable, content will not be used to identify or to otherwise infringe the privacy or confidentiality rights of individuals. Content distributed via the Stanford Digital Repository may be subject to additional license and use restrictions applied by the depositor.
License: This work is licensed under a Creative Commons Attribution 4.0 International license (CC BY).

Preferred citation: Rosen, G. (2023). Hope for US Healthcare. Stanford Digital Repository. Available at https://purl.stanford.edu/fy040rv4004. https://doi.org/10.25740/fy040rv4004.

Stanford University, Public Policy Program, Masters Theses and Practicum Projects

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