50 min listen
The Austrian Perspective on Healthcare with Vijay Boyapati
The Austrian Perspective on Healthcare with Vijay Boyapati
ratings:
Length:
61 minutes
Released:
Jan 23, 2019
Format:
Podcast episode
Description
On this episode Erik is joined by Vijay Boyapati (@real_vijay), a returning guest who was previously here to talk about Bitcoin and crypto from an Austrian perspective. Today he’s here to talk about healthcare from the Austrian perspective. He breaks down the causes for the dysfunction in the US healthcare system as he sees them and talks about what (if anything) might fix them. They discuss the factors that are distorting incentives in healthcare and why they result from a lack of free markets. Vijay talks about employer-sponsored healthcare that emerged during World War Two, which has remained the default system “by accident” ever since. He also talks about Medicare and farm subsidies and how those have contributed to consumers paying more but getting less when it comes to healthcare.Erik asks what Vijay would do if he could wave a wand and change anything about the US healthcare system, but Vijay says that it might take a collapse of the system to change how things work. Vijay talks about why the US system is still superior to single-payer healthcare systems around the world and why he would look to Singapore as an example of a country that the US could learn from. They also discuss the Austrian and libertarian perspectives on governance and monetary policy more broadly.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.Quotable Lines From This Episode:“The cost in single-payer healthcare systems is the wait. I’d rather live somewhere where the treatment is available even if it is expensive.”“Ask a doctor delivering a baby, ‘how much does this cost?’ They can’t tell you because they don’t know. This is the only industry where a provider has no idea what their service costs.”“Insurance is supposed to be for unexpected catastrophic events, so it’s strange that we use it for all these routine healthcare procedures.”
Released:
Jan 23, 2019
Format:
Podcast episode
Titles in the series (100)
Episode #1: Ryan Hoover and David Spinks on Communities: Ryan Hoover, CEO and founder of Product Hunt and David Spinks, CEO and founder of CMX Media talk all things community with Village co-founder and partner, host Erik Torenberg (@eriktorenberg). They talk about creating a business around a community,... by Village Global Podcast