When a firm offers health benefits to workers, it exposes the firm to the risk of making payments when workers get sick. A firm can either pay health expenses out of its general assets, keeping the risk inside the firm, or it can purchase insurance, shifting the risk outside the firm. Using data...

When a firm offers health benefits to workers, it exposes the firm to the risk of making payments when workers get sick. A firm can either pay health expenses out of its general assets, keeping the risk inside the firm, or it can purchase insurance, shifting the risk outside the firm. We analyze...

Das Gesundheitswesen hat einerseits hohe Bedeutung für die Bürger und Patienten, andererseits ist es ein zunehmend bedeutsamer Wirtschaftsfaktor. Häufige Reformen und vielfältige Berichterstattung lassen den Eindruck entstehen, dass eine rationale Steuerung der gesundheitlichen Versorgung...