Some states have implemented community rating regulations to limit the extent to which premiums in the individual health insurance market can vary with a person?s health status. Community rating and guaranteed issues laws were passed with hopes of increasing access to affordable insurance for...

Some states have implemented community rating regulations to limit the extent to which premiums in the individual health insurance market can vary with a person?s health status. Community rating and guaranteed issues laws were passed with hopes of increasing access to affordable insurance for...

Frontmatter -- CONTENTS -- Foreword -- Preface -- Kenneth Arrow and the Changing Economics of Health Care: ‘‘Why Arrow? Why Now?’’ -- Uncertainty and the Welfare Economics of Medical Care (American Economic Review, 1963) -- PART I Supply, Demand, and Health Care Competition -- General...

This chapter will deal with the actual and efficient functioning of health insurance in settings where risk (expected value) of medical spending or insurance benefits varies across individuals at a given point in time or over time for a given individual. It will deal with equilibrium in...