Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/23497
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dc.contributor.authorNyman, John A.en_US
dc.date.accessioned2009-01-29T16:08:57Z-
dc.date.available2009-01-29T16:08:57Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/23497-
dc.description.abstractThis paper presents theory that an important source of value is missing from conventionaltheory of the demand for health insurance, namely, the effect of the transfer of income (fromthose who purchase insurance and remain healthy to those who purchase insurance and becomeill) on purchases of medical care. Because the portion of moral hazard that is attributable toincome is welfare increasing and would replace some of moral hazard that is spuriously deemedto be welfare decreasing, the new theory suggests that the value of health insurance has beendramatically undervalued. Implications for policy are outlined.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aMinnesota working papers / University of Minnesota, Center for Economic Research, Department of Economics |x319en_US
dc.subject.ddc330en_US
dc.subject.stwKrankenversicherungen_US
dc.subject.stwNachfrageen_US
dc.subject.stwMoral Hazarden_US
dc.subject.stwGesundheitswesenen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleHealth Insurance Theory: The Case of the Vanishing Welfare Gainen_US
dc.typeWorking Paperen_US
dc.identifier.ppn377727148en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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