week 04 & 05

week 04 & 05 - Lectures 4 and 5 Health and health care...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Nicholas Barr, EU456/SA4F7 Lectures 4-5, LT 2010 1 Lectures 4 and 5: Health and health care 1 Objectives 2 The market for health care 3 The market for medical insurance 4 Assessment of institutions in different countries 5 Strategies for reform 6 Conclusions Nicholas Barr, EU456/SA4F7 Lectures 4-5, LT 2010 2 1 Objectives The objective: improved health • Sources of good health • Income/wealth • Individual choice • A person’s environment • Access to health care • Inheritance • Instrumental objectives • Efficiency • Equity Nicholas Barr, EU456/SA4F7 Lectures 4-5, LT 2010 3 2 The market for health care Nicholas Barr, EU456/SA4F7 Lectures 4-5, LT 2010 4 Types of intervention • Regulation • Tax/subsidy • Public production • Income transfers Nicholas Barr, EU456/SA4F7 Lectures 4-5, LT 2010 5 The ‘Invisible Hand’ theorem • Perfect information • about quality • about price • about the future • Perfect competition • No market failures • No externalities • No public goods • No increasing returns to scale Nicholas Barr, EU456/SA4F7 Lectures 4-5, LT 2010 6 3 The market for medical insurance Premium = (1+ α ) pL
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2 Nicholas Barr, EU456/SA4F7 Lectures 4-5, LT 2010 7 Conditions under which competitive insurance will be efficient 1 Probabilities must be independent;
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 4

week 04 & 05 - Lectures 4 and 5 Health and health care...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online