The longtime Stanford University professor sought to explain why Americans don’t live longer, healthier lives despite spending a fortune on health care.
Often described as the dean of American health economists, Dr. Fuchs spent more than five decades diagnosing the ills of the nation’s health system, which now accounts for 18 percent of gross domestic product. American health costs per capita have long been the highest in the world, with spending reachingin 2021, even as Dr. Fuchs and other economists found that the same quality of care was available in other countries for far less, sometimes at half the cost.
“He was convinced that economists in general, and health economists in particular, need to be asking the big questions,” his colleague Liran Einav, the chair of Stanford’s economics department, said inAlong with the British sociologist Peter Townsend, Dr. Fuchs was an early proponent of the relative-poverty line, which he proposed in 1965 as a way to understand — and combat — poverty based on changes in the economic climate.
“His ideas,” he added, “remain relevant to every contemporary policy debate about how to improve the nation’s health.” The article, published in the American Economic Review in 1963, helped elevate health economics into a major field. “In Greek legend, Helen’s beauty launched a thousand ships; Arrow’s article has launched more than a thousand studies,” Dr. Fuchs wrote in an essayDr. Fuchs went on to study service industries, including retail and barber shops, before zeroing in on health care.
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