Is 'moral hazard' inefficient? The policy implications of a new theory

Health Affairs

Volumn 23, Issue 5, 2004, Pages 194-199

  Nyman, John A ^a  

^a UNIVERSITY OF MINNESOTA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CONSUMER; HEALTH CARE ACCESS; HEALTH CARE POLICY; HEALTH ECONOMICS; HEALTH INSURANCE; HUMAN; MANAGED CARE ORGANIZATION; MORALITY; NATIONAL HEALTH INSURANCE; REVIEW;

COST SHARING; HEALTH EXPENDITURES; HEALTH POLICY; HUMANS; INSURANCE, HEALTH; MORALS; SOCIAL WELFARE; UNITED STATES;

EID: 4744361521     PISSN: 02782715     EISSN: None     Source Type: Journal    
DOI: 10.1377/hlthaff.23.5.194     Document Type: Review

References (12)

1. M.V. Pauly, "The Economics of Moral Hazard: Comment," American Economic Review 58, no. 3 (1968): 531-537.
2. Centers for Medicare and Medicaid Services, "Table 1: Personal Health Care Expenditures, by Source of Funds: Selected Calendar Years 1960-2000," www.cms.gov/review/supp/2001/tablel.pdf (19 July 2004).
3. Pauly, "The Economics of Moral Hazard."
4. M.V. Pauly, "More on Moral Hazard," Journal of Health Economics 2, no. 1 (1983): 83.
5. J.A. Nyman, The Theory of Demand for Health Insurance (Stanford, Calif.: Stanford University Press, 2003).
6. J.A. Nyman, "The Value of Health Insurance: The Access Motive," Journal of Health Economics 18, no. 2 (1999): 141-152.
7. M.S. Feldstein, "The Welfare Loss of Excess Health Insurance," Journal of Political Economy 81, no. 2 (1973): 251-280.
8. W.G. Manning and M.S. Marquis, "Health Insurance: The Tradeoff between Risk Pooling and Moral Hazard," Journal of Health Economics 15, no. 5 (1996): 609-640.
9. I b i d.
10. G.M. Arnett, ed., Empowering Health Care Consumers through a Tax Reform (Ann Arbor: University of Michigan Press, 1999), 229-250.
11. See, for example, M. Crew, "Coinsurance and the Welfare Economics of Medical Care," American Economic Review 59, no. 5 (1969): 906-908; and M.V. Pauly, "When Does Curbing Health Costs Really Help the Economy?" Health Affairs 14, no. 2 (1995): 68-82.
12. See, for example, M. Crew, "Coinsurance and the Welfare Economics of Medical Care," American Economic Review 59, no. 5 (1969): 906-908; and M.V. Pauly, "When Does Curbing Health Costs Really Help the Economy?" Health Affairs 14, no. 2 (1995): 68-82.