of the population each year, it is plausible this is the type of contract feature that might be underprovided relative at least to make an economist might think is optimal. so this is another example where sort of policy has a role, the affordable care act requires that all private insurance policies, regulatory intervention of the type that is talked about, a targeted regulatory intervention, a place where market failure, aca required all individual -- all private insurance policies to include an out of pocket maximum, something that had previously only been required for hsa, health saving account compliant policies. and the spread of out of pocket maximums and employer coverage since 2010 mean there is's an additional 20 million people now enrolled in policies that have out of pocket maxes. so i say that just mainly to emphasize obviously can't require out of pocket maximums again, but an important dimension how they think about health care policies is how we protect people against tail outcomes and doing that is more than just expanding coverage. switching gears, i want to agree with what'

a small fraction of the population each year, it is plausible this is something that would be underprovided. so this is another example where sort of policy has a role, the affordable care act requires that all private insurance policies, regulatory intervention of the type that is talked about, and a place where we think is market failure, the aca required all private insurance policies to include an out of pocket maximum. and the spread of out of pocket maximums and employer coverage since 2010 mean there is's an additional 20 million people now enrolled in policies that have out of pocket maxes. so i say that just mainly to emphasize obviously can't require out of pocket maximums again, but an important dimension is how we're protecting people and doing that is more than just a training coverage. switching gears, i want to agree with what's been said, that the most important way which the health care sector affects the broader economy is by consuming resources that could be used for other purposes. and as jim said, that's not necessarily a bad thing. the important thing is we're getting

population each year, it is plausible that this is the contract feature that might end up being underprovided relative to when an economist think it's optimal. sort of another example where policy has a role, the affordable care act require that all private insurance policies regulatory and intervention of the type talked about but target intervention where market failure require all private insurance policy policies to include out of pocket maximum, something that had previously been required for health savings account compliant policies and employer coverage since 2010 means there's additional 20 million people now enrolled in policies that have out of pocket maxes. i say that just mainly to emphasize obviously can't require out of pocket maximum again but that's an important of how we think of healthcare policies and protecting people against tail outcomes and doing that is more than just expanding coverage. switching gears, i want to agree with what's been said that the sort of most important way in which the healthcare sector affects the broader economy is by consuming resources that cou