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The fundamental reason for high health care expenses is third-party payments. Most payments to physicians are made not by the patient but by a third-party — an insurance company or governmental body. By eliminating most third-party payments and restoring the role of insurance to protecting against major medical catastrophes, health care cost and spending can be reduced. For more information, visit the PolicyEd page here: https://www.policyed.org/friedmanfund... Additional resources: Read “How To Cure Health Care” by Milton Friedman, available here: https://hvr.co/2EdYfZA In this 2005 interview, Milton Friedman discussed the ailing U.S. health-care system and proposed some remedies. Available here https://hvr.co/2BWhzL4 Health insurance helps many Americans purchase health care. So why is it so expensive, and how can we make it more affordable? Click here to find out: https://bit.ly/2BU1qFX Read "A Policy Too Far” by George P. Shultz, Scott W. Atlas, and John F. Cogan. Avaliable here: https://hvr.co/2ExVYdE In “Reducing the Cost of Health Care,” Scott Atlas contends that broad access to quality health care starts with making it less expensive through increased competition and eliminating harmful regulations. Available here: https://bit.ly/2H1nstS Read “Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System, Second Edition” by John F. Cogan, R. Glenn Hubbard, Daniel P. Kessler. Available here: https://hvr.co/2H443IK In “Here's what healthcare looks like in a perfect world,” John Cochrane makes an argument for what the future health insurance should achieve. Available here: https://bit.ly/2VoyiOG The PolicyEd program is an initiative of the Hoover Institution at Stanford University.