Self-Interested Altruism: Impacting Health Through Social Determinants

Social determinants of health have an outsized impact on the health of vulnerable populations. Access to quality housing, nutrition, and transportation can greatly improve communities’ health, but it can be difficult to sell to investors because these determinants are in effect public goods, and not limited to those who pay for them. But healthcare economists hope they can use the self interest of community health stakeholders to improve these determinants. During the North Dallas Chamber of Commerce Healthcare Conference, economist Len Nichols of George Mason University shared his research that details how to get self-interested healthcare systems to collaborate to… Full Story

Market vs. Government: Two Ways Inevitable Recession May Change Healthcare

The United States spends 3.7 trillion dollars a year on healthcare, more than all but three nations’ entire gross national product. UT Dallas and UT Southwestern professor John McCracken, speaking at the North Dallas Chamber of Commerce’s Healthcare Conference, says that economic recession could be what forces the U.S. to change its healthcare spending habits. McCracken noted that the U.S. debt is 108 percent of its gross national product, and with the unfunded pension liabilities, it creates a precarious situation for the economy where a recession could force a massive change. “Time is running out, and there is  potential for… Full Story