Term
| fundamental problem with health policy |
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Definition
high due to new health technology
worth it on average not on margins
moral hazard with insurance |
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Term
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Definition
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Term
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Definition
| moral hazard of presccription than cheaper alternatives |
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Term
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Definition
1974-1977 health insurance experiements
2756 families, 7706 people who were randomly assigned to one fo the five health insurance plan s
-full insurance
-25 percent copay
-50 percent copay
-95 percent copay maximum oop 1000 dollars
-95 percent copay, maximum oop 150 dollars (2002 550 dollars)
cost of expirment 360 million dollars in 2002 ddollars |
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Term
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Definition
50 percent increase
full vs. catastrophic insurance did not lead to better health outcomes |
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Term
| tax preference for employer sponsored healht insurance |
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Definition
deductible to employer but exclidable from employees' income and ss tax base
distortion of cosumption choices
-too much health spending
-too much insurance for any given lvelof spending
revoking the tax preference would lead to an approximately 25 precent decrease in health spending among those with employer-sponsored health insurance |
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Term
| Whya re employers the predominant source of private health insurance int he US? |
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Definition
tax sbsidy
adminsitrative efficiency
risk pooling
who pays for health insruance employers, employees and how sod employers choose health benefits?
Employees pay andemployers choose to maximize employee welfare
whar are the advatnatdes and disadvatnages of
employer sponsored health insurance
designing health reform around employer sponsered |
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Term
| What is HI Employment-Based? |
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Definition
Expansion of employer-sponsored HI began when federal price cotnrols during World War II prevented employers from increasing employees' money wages
-Since 1954 employer sponsored health insurance has been deducatoble to employers
=Glied points pit, priince controls and tax |
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