The Cost of Care: Why is U.S. Healthcare so Expensive?

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This course delves into the complex forces driving the high cost of US healthcare, offering a deep dive into why the system is both costly on a macro level and burdensome for individuals. You’ll explore how factors such as high prices, intensive service use, and system inefficiencies contribute to soaring expenditures. By comparing the US system with those in England and Germany, the course highlights how governance, financing, and resource allocation strategies can help contain costs while still providing high-quality care. Throughout the course, you will gain a nuanced understanding of the interplay between healthcare prices and utilization. You’ll learn how differences in system design—such as clear boundaries, integrated care models, and regulatory frameworks—shape outcomes and impact overall spending. By examining real-world data and case studies, you’ll be equipped to critically assess policy interventions and consider reforms that might offer a “least worst” solution for controlling costs. Join us to unravel the intricacies of healthcare economics and discover practical insights for navigating and potentially reforming the US healthcare landscape.

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Angus Corbett

Adjunct Professor of Law