This course provides an overview and analysis of incentives in the current US health care system for consumers/patients, health care providers, payers and insurers, and other stakeholders such as pharmaceutical and medical device companies. Discussion centers around how the medical care market differs from markets for other goods and services and how incentives interact to affect health care delivery and outcomes. We then use the lens of incentives to examine the rationale and consequences – both intended and unintended – of major reform models designed to align incentives with improving the quality and experience of care while containing the growth of health care costs.