Various health insurance programs, including Blue Shield, have developed arrangements whereby the physician agrees to accept the insurer's reimbursement as payment in full. Incentives facing the physician to accept an arrangement of this type are reviewed in this study. The empirical work uses...

According to conventional wisdom, the growth of health insurance is partly responsible for the rise in physicians' fees; however, to date, convincing empirical evidence is lacking. A standard model of physician fee determination yields unambiguous predictions about insurance effects on fees....

This study analyzes determinants of student demand for medical education. Two series-total applicants to medical schools and medical school applicants with superior college records-are studied. The results indicate that student career decisions are strongly related to interoccupational...