Economics of Health Care

3 Credits · Level: Graduate, Undergraduate

Why does an MRI cost $400 in one hospital and $4,000 in another? Why did the government fine people for not buying health insurance, when no one fines you for not owning a phone, something you probably need more often? Health care is one of the largest sectors of the U.S. economy, yet it works unlike almost any other market. This course uses economics to explain why, and how government policies shape what happens in these markets. By the end of the course, you’ll be able to understand the economics behind today’s major health care policy debates and read the headlines like an economist.