meta_pixel
Tapesearch Logo
Log in
Capitalisn't

Is Healthcare Making Capitalism Sick? - ft. Zack Cooper

Capitalisn't

University of Chicago Podcast Network

Stigler Center, Chicago Booth, Socialism, Antitrust, University Of Chicago Podcast Network, Growth, 087667, Policy, Monopoly, Professors, Distortion, Research, Competition, Capitalisnt, Inequality, Promarket, Politics, Policymaking, Special Interest, Economics, Efficiency, Regulations, Chicago, Business, Markets, University Of Chicago, Kate Waldock, Capitalism, Friction, Bethany Mclean, Government, Macroeconomics, News, Education, Waldock, Georgetown, Microeconomics, Luigi Zingales, Zingales, Finance, Ucpn

4.5584 Ratings

🗓️ 21 May 2026

⏱️ 60 minutes

🧾️ Download transcript

Summary

Are stagnant wages the hidden price tag of a broken healthcare system? On this week's Capitalisn't, Yale health economist Zack Cooper argues that the U.S. healthcare market is failing because of structural flaws like employer-sponsored insurance, which hides true costs from consumers.

Transcript

Click on a timestamp to play from that location

0:00.0

I think if you went up to workers and said, you can have $10,000 more dollar or $5,000 more

0:04.8

next year if you choose a plan with a narrow network.

0:07.9

Some folks would make that choice.

0:10.1

And this sort of sets the stage for, I think, where we could go as a country from a policymaking

0:13.8

perspective going forward.

0:16.8

I'm Bethany McLean.

0:18.4

Did you ever have a moment of doubt about capitalism and whether greed's a good idea?

0:23.6

And I'm Luigi Zengalis.

0:25.0

We have socialism for the very rich, rugged individualism for the poor.

0:30.5

And this is Capital Isn't, a podcast about what is working in capitalism.

0:34.5

First of all, tell me, is there some society you know that doesn't run on greed?

0:38.9

And most importantly, what isn't? We ought to do better by the people that get left behind.

0:43.8

I don't think we shouldn't kill the capital system in the process.

0:47.7

A couple of weeks ago, the Stigler Center, which sponsors this podcast, had a conference on

0:52.1

whether capitalists can be popular. There was one answer

0:54.7

everybody agree on. The U.S. healthcare system is not working. It was really interesting.

1:00.3

Health care came up on pretty much every panel. Labor economists agreed that it's a huge friction

1:05.0

that prevents people from changing jobs. Others said that the lack of antitrust enforcement

1:09.8

has enabled hospitals to raise prices

1:11.7

without improving quality. And it contributes to income inequality. In fact, Zach Cooper, who is an

1:16.7

associate professor of public health and economics at Yale, has argued that rising health spending

1:21.6

in the United States since 1975 can explain roughly the same share of the growth in income inequality

...

Transcript will be available on the free plan in 12 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from University of Chicago Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of University of Chicago Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.