PAM 2040 -Health Insurance

PAM 2040 -Health Insurance - PAM 2040 Health Care and...

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PAM 2040 Health Care and Health Insurance
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Today: Extra Credit Seminar Nate Baum-Snow, Brown University 3 - 4:30 pm MVR 114 (Rushmore Room) Tiebout Sorting, Segregation, and Public Schools
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Health Care in the US Big Business: $2 trillion in 2005
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Health Care in the US US= 6.22
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Health Insurance in US
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Employer Provided Health Insurance Suppose you earn $1500 / week, face marginal tax rate of 30%, insurance costs $100 / week Option 1: earn $1500, pay $450 in taxes, then buy $100 in insurance Option 2: earn $(1500-100), pay $420 in taxes
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Health Insurance Generosity Two utility functions: Patients Deductible Copayment Coinsurance Doctor Reimbursement rate
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Catastrophic Care vs. Dental When is less-than-full insurance ok? Example: U=Y 1/2 1% chance of needing $100 filling What is utility with no insurance? With actuarially fair full insurance?
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This document was uploaded on 10/26/2011 for the course PAM 2040 at Cornell.

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PAM 2040 -Health Insurance - PAM 2040 Health Care and...

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