Miriam J. Laugesen, associate professor in the Department of Health Policy and Management at the Mailman School of Public Health at Columbia University, joins us to discuss her new book Fixing Medical Prices: How Physicians Are Paid. Laugesen examines the U.S. medical pricing process and looks at why our nation has the highest medical costs in the world. She explains the subtle influence of the American Medical Association that advises Medicare, which readily accepts their recommendations regarding medical costs.