host: vivian ho, any thoughts? guest: i cannot relate to mr.ogan's concerns about this issue -- i can relate to mr. logan's concerns about this issue. some are concerned that we will not reach herd immunity. we initially heard that it will be 70% and now i believe that they are talking about 85% because there are concerns about a variant developing that can eventually escape the vaccine. in terms of reopening, in favor of that argument, we know that vaccines are 90%-90 5% of active, at least the ones in the u.s.. we know from cdc studies that it appears that those who are vaccinated, it is about 90% effective in terms of preventing them from even carrying the virus and transmitting it to others. i see some arguments and the color's argument that most of us are protected, it is not 100%, but it is close and we can open up schools, people with strong immune systems can go about in their daily lives. the negative side of that is when people think about the health care cost, which is what disturbs me because every person who gets covid and requires

. >> our next guest is vivian ho. professor ho is health economics chair at rice university james baker institute. and director of the baker institute for public policy. good morning and welcome to washington journal. guest: thank you very much. host: the field of health economics, what is that cover? guest: it covers a lot of things. we think about economics as resource allocation, scarce resources, health economics is about the issue in the health sector, it is different from what we think about a natural competitive market because you add the large participation of government, plus more than half of the consumers have health insurance, so you have a lot of additional actors on top of that in terms of adverse election, a large government programs like medicare and medicaid. host: we will talk about your report, but broadly about the health economic impact of the past year, the covid-19 pandemic. we look specifically at one of your reports released at the end of 2020, december 16th, state restrictions on -- in the, 1

host: our next guest is vivian ho, professor ho is health economics chair at rice university of charlotteames a. baker institute and director of the baker institute for public policy. good morning and welcome to washington journal. guest: thank you very much. host: the field of health economics, what is that cover? guest: it covers a lot of things. we think about economics as resource allocation, scarce resources, health economics is about the issue in the health sector, it is different from what we think about a natural competitive market because you add the large participation of government, plus more than half of the consumers have health insurance, so you have a lot of additional actors on top of that in terms of adverse election, a large government programs like medicare and medicaid. host: we will talk about your report, but broadly about the health economic impact of the past year, the covid-19 pandemic. we look specifically at one of your reports released at the end of 2020, december 16th, state restrictions on -- in the, 19 death rate. the baker institute, they are at rice univer

host: the report is from the baker institute, our guest is professor vivian ho, the health economic chair at the james a. baker institute. announcer: this afternoon president biden will give remarks on his economic relief plan is combating the effects of covid-19. you can watch live coverage beginning at 2:00 p.m. eastern on c-span. announcer: today two house subcommittees hold the joint hearing on creating rules that govern military, commercial, and scientific activities in space. live coverage begins at 3:00 p.m. eastern on c-span, online at c-span.org, or listen on the free c-span radio app. announcer: an update from the white house covid-19 response team on the bed and administration's efforts in combating the pandemic. >> thank you for joining us today. i am joined by dr. wilensky and dr. fauci. i want to start with the president's speech yesterday. after we exceeded the goals the president set in his first 100 days, yesterday the president announced the goal of the next leg of the vaccination effort. to get 70% of adults vaccinated with at least one shot and 160 million americans fu

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