Intro -- Contents -- I. Introduction -- II. Related Literature -- III. Model -- IV. Optimal Search and Hiring -- V. Performance Metrics -- VI. Policy Implications -- VII. Conclusions -- Appendix: Proofs of Lemmas, Propositions and Implications -- References.

Despite the increasing interest in universal health care, little is known about the optimal way to finance, design, and implement it. This paper attempts to fill this gap by providing some general policy recommendations on this important issue. While most of the paper addresses the Eastern...