We study the incentives for hospitals to provide quality and expend cost-reducing effort when their budgets are soft, i …-reducing effort and the profit margin, which in turn weakens quality incentives. We also find that profit confiscation reduces quality …

We study the incentives for hospitals to provide quality and expend cost-reducing effort when their budgets are soft, i …-reducing effort and the profit margin, which in turn weakens quality incentives. We also find that profit confiscation reduces quality …

When public long-term care (LTC) insurance is provided by insurers, they typically lack incentives for purchasing cost …-effective LTC. Providing insurers with appropriate incentives for efficiency without jeopardizing access for high-risk individuals … in reducing predicted losses for subgroups of health care users. Nevertheless, incentives for risk selection against some …

incentives to investigate cost further when expected cost of treatment is greater than benefit. Making gatekeepers residual …) provides too strong incentives when expected cost is less than benefit. Giving patients the choice between a gatekeeper with an … have incentives to acquire information that makes incentive contracts ineffective …

article presents a normative theory for analyzing federal health policy decision making in the United States. This theory … have a central role in understanding health policy reform. This theory does not attempt to arrive at a single unified …