John Cochrane on Health Care

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4.7 • 4.3K Ratings

🗓️ 19 November 2012

⏱️ 59 minutes

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Summary

John Cochrane of the University of Chicago and Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about how existing regulations distort the market for health care. Cochrane argues that many of the problems in the health care market would go away if these distortions were removed. In this conversation, he explores how the market for health care might work in the United States without those distortions. He also addresses some of the common arguments against a more choice-oriented less top-down approach.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:06.4	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:11.0	Our website is econtalk.org where you can subscribe, comment on this podcast, and find links
0:16.3	and other information related to today's conversation.
0:19.0	You'll also find our archives where you can listen to every episode we've ever done going
0:23.3	back to 2006.
0:25.4	Our email address is maladycontalk.org.
0:27.9	We'd love to hear from you.
0:32.7	Today is November 6, 2012, and my guest is John Cochran, the AQR Capital Management
0:39.2	Distinguished Service Professor of Finance at the University of Chicago Booth School of
0:43.8	Business and a Senior Fellow at Stanford University's Hoover Institution.
0:47.6	Sean, welcome back to Econ Talk.
0:49.6	Thanks.
0:50.6	It's a pleasure to be here.
0:52.3	We're taping this on Election Day in the United States, and our topic is a spectacular
0:57.0	paper that you wrote.
0:58.8	What we might do with healthcare, if we eliminated not just the Affordable Care Act, known
1:02.7	as a Barma Care, but many of the restrictions that the government places in the healthcare
1:06.4	market.
1:07.4	The paper is so good, I'm tempted to read it out loud and just let you comment from time
1:11.2	to time, but we'll actually have a conversation, but we will put a link up to the paper and
1:15.3	I encourage everyone listening to read it.
	...

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