In Dallas, Texas, in 1929, Justin Ford Kimball, executive vice-president of Baylor University, originated a plan whereby Dallas school teachers paid $6 a year to the University Hospital and were extended hospital care without further charge [1, p. 5 ]. From this beginning grew Blue Cross plans,...

The article focuses on problems faced by American health-care industry. Current public policy efforts to contain costs are looking to increased competition as a solution, which is strange considering the difficulty consumers already have in judging the quality of health care, not to mention the...

Differential economic behavior of for-profit and nonprofit institutions can be manifest in both output and input markets. When behavior in output markets is difficult to observe, behavior in input markets can be useful proxies. We examine monetary compensation and its composition between base...