Michael Chernew

Michael Chernew, a Harvard health policy professor and health economist, dives into the striking 7.2% growth in 2024 health spending, revealing why this figure is troubling against inflation. He discusses the sacrifices families face, like higher taxes and out-of-pocket costs, due to rising healthcare expenses. Chernew also explores the dual role of AI in healthcare, hinting at its potential to cut costs but also risk further spending. Finally, he advocates for payment reforms to tackle low-value care as a solution to curb excessive expenditures.