Journal ArticleDOI
Hospital Insurance and Moral Hazard
TLDR
By discovering patterns of behavior among medical categories that have been obscured in aggregate demand studies, this study has important implications regarding the existence and extent of "moral hazard," the effectiveness of coinsurance, and the effect of extended-care facilities on resource allocation.Abstract:
Cross-section data are used to determine the effect of third-party payments on the length of stay in a hospital for 22 separate illnesses or conditions, thereby providing a test of the effect of third-party payments on resource allocation to hospitals. Also, estimates are made of price elasticities of demand for the separate illnesses or conditions. This study, by discovering patterns of behavior among medical categories that have been obscured in aggregate demand studies, has important implications regarding the existence and extent of "moral hazard," the effectiveness of coinsurance, and the effect of extended-care facilities on resource allocation.read more
Citations
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Journal ArticleDOI
Control over the utilization of medical services.
Bruce Stuart,Ronald Stockton +1 more
TL;DR: It is concluded that the only long-range solution to overutilization lies in a more integrated approach to medical resource allocation and a consequent change in the structure of provider and user incentives.
Posted Content
Patient cost sharing: Reforms without evidence. Theoretical considerations and empirical findings from industrialized countries
TL;DR: It is concluded that moral hazard in health insurance is a bogey of academic economic theory and adequate reality-based evidence for implementing patient user fees and co-payments is lacking.
Journal ArticleDOI
The seed of abundance and misery Peruvian living standards from the early republican period to the end of the guano era (1820-1880).
Linda Twrdek,Kerstin Manzel +1 more
TL;DR: This paper examined 19th-century Peruvian heights from the early republican period to the end of the guano era (1820-1880) and found that the physical stature of the lower classes stagnated throughout the period.
Journal ArticleDOI
Pricing, demanders, and the supply of health care.
TL;DR: If the policy objectives are expenditure containment and greater efficiency in resource utilization, the price mechanism should be used to affect the behavior of the primary demander and the supplier: the physician.
Journal ArticleDOI
Pricing, Insurance and the National Health Service
TL;DR: This article uses economic analysis to show that both the pricing and the insurance mechanisms have inherent problems which may vitiate their efficiency in many western health care markets.
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