Quotes About Payers

One way to start to think about incentives is to ask four questions about a particular choice architecture: Who uses? Who chooses? Who pays? Who profits?

We're all concerned about sports rights being so expensive. Obviously, we are funded by the licence fee payers, so it's not always easy to compete with those who can get greater revenue.

Like other observers, I look at the U.S health care program and see an administrative monstrosity, a truly bizarre melange of thousands of payers with payment systems that differ for no socially beneficial reason, as well as staggeringly complex public systems with mind-boggling administered prices and other rules expressing distinctions that can only be regarded as weird.