Moral hazard--the tendency to change behavior when the cost of that behavior will be borne by others--is a particularly tricky question when considering health care. Kenneth J. Arrow's seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of...

How did the United States come to have its distinctive workplace-based health insurance system? Why did Progressive initiatives to establish a government system fail? This book explores the history of health insurance in the United States from its roots in the nineteenth-century sickness funds...

Cover; Half Title; Title Page; Copyright Page; Table of Contents; Foreword; Preface; Author; SECTION I: INDUSTRY DYSFUNCTION: ITS ROOT CAUSES AND EFFECTS; 1: It's Not the Future We Used to Have; The Old Future; The Curves of Health Care; The Root Causes of Industry Dysfunction; The Economic Human and the...