Kidney failure is such a catastrophic (and expensive) disease that Medicare covers treatment for anyone, regardless of age. Since Medicare reimbursement rates are fairly low, the dialysis industry had to find a way to tweak the system if they wanted to make big profits. They succeeded. To find out more, check out the podcast from which this hour was drawn: . . .
Season 5, Episode 15
On this week’s episode of Freakonomics Radio: sure, markets generally work well. But for some transactions — like school admissions and organ transplants — money alone can’t solve the problem. That’s when you need a market-design wizard like Nobel Prize winner Al Roth. You’ll hear how Roth and others have revolutionized the organ-donor market. Plus, the amazing story of how one particularly selfless woman became the first link in a donor chain that gave life to many others.
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