Public Finance, 4th Edition

Chapter 20: Social Insurance

Medical Care

1. The Demand for Insurance 
2. Without Insurance 
3. With Insurance 
   1. The Supply Side 
   2. The Pareto Optimum 
4. Private or Asymmetric Information 
5. Moral Hazard 
6. The Competitive Outcome 
7. The Public Policy Response 
8. Deductibles and Copayments 
9. The Value of Access 
10. Adverse Selection 
11. Ex Post Versus Ex Ante Efficiency 
12. The Nature of Adverse Selection 
13. Advantageous Selection 
14. A Two-Policy Model 
15. Is an Equilibrium Possible? 
16. An Information-Enhanced R/S Model 
    1. Conclusions 
17. Policy Response to Adverse Selection 
18. U.S. Policies 
19. Medicare and Medicaid 
20. Patient Protection and Affordable Care Act 
21. References 

The industrialized market economies provide substantial amounts ...