Insurance Markets and the Employer

Insurance Markets and the Employer - Employer Provision of...

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Employer Provision of Insurance We’ve discussed demand for healthcare, demand for insurance, and how that changes incentives Now want to talk more about insurance markets. About half of the US population receives insurance through their employer Currently about 45% of expenditures are publicly funded while 55% privately
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Role of the Employer No other country really has the mix of public and private coverage. How did this occur? Great Depression – Blues Rufus Rorem, University of Chicago Baylor hospital, marketed to school teachers $6/year in return for up to 21 days in hospital Blue Cross began marketing to employers WWII wage and price controls
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Employer-based coverage peaked in the 1980s and has been slowly declining. Movement away from community rating to experience rating. “quasi-social insurance” nonprofit Blues with large firms. Unions played key role
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This note was uploaded on 02/08/2012 for the course ECON 320 taught by Professor Chan during the Spring '11 term at SUNY Albany.

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Insurance Markets and the Employer - Employer Provision of...

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