The economics of health insurance.
review · Level V
Where this comes from
- Record sourced from PubMed, PMID 23206642.
- Also identified by DOI 10.1016/j.jacr.2012.09.007.
- No licence information is recorded for this record.
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Abstract
Insurance plays an important role in the United States, most importantly in but not limited to medical care. The authors introduce basic economic concepts that make medical care and health insurance different from other goods and services traded in the market. They emphasize that competitive pricing in the marketplace for insurance leads, quite rationally, to risk classification, market segmentation, and market failure. The article serves as a springboard for understanding the basis of the reforms that regulate the health insurance market in the Patient Protection and Affordable Care Act.
Medical subject headings
- Delivery of Health Care
- Health Care Costs
- Health Services Accessibility
- Models, Economic
- Patient Protection and Affordable Care Act