Lakdawalla, Darius; Malani, Anup; Reif, Julian - National Bureau of Economic Research (NBER) - 2015
risk. This perspective overlooks how innovation can lower physical risks borne by healthy patients facing the prospect of … of health insurance. We show that any innovation worth buying reduces overall risk, thereby generating positive insurance …, we find that the physical risk-reduction value of these technologies is ten times greater than the financial risk they …