Michel Accad practices cardiology and general internal medicine in San Francisco, and holds a part-time clinical faculty appointment at the University of California San Francisco.This episode continues the discussion that Bob had with Dr. Michel Accad back in ep. 43. There, Bob reviewed the development of concepts like “efficiency” and “market failure,” so that now he and Michel (in the current episode) could understand the pioneering 1963 article from Kenneth Arrow on health care economics. Specifically, Arrow outlines reasons that (in his mind) a free market in health care and health insurance won’t work very well.