Thursday , October 21 2021
Home / Managerial Econ / Less of other peoples’ money is funding insurance

Less of other peoples’ money is funding insurance

Summary:
Health insurance costs about ,000, 3/4 of which is paid by your employer.  One way to keep costs down is to raise deductibles.  This reduces costs is two ways:By reducing consumption of low value care (moral hazard); and By giving consumers an incentive to shop for lower price and higher quality care HT:  MarginalRevolution.com

Topics:
(Luke Froeb) considers the following as important:

This could be interesting, too:

(Luke Froeb) writes Nobel awarded for inferring causality

(Luke Froeb) writes Gender and majors, happiness, single-sex education, and for-profit education

(Luke Froeb) writes Danish Criminals respond to incentives

(Luke Froeb) writes Why is Bezos such an extraordinary manager?

Less of other peoples' money is funding insurance

Health insurance costs about $20,000, 3/4 of which is paid by your employer.  One way to keep costs down is to raise deductibles.  This reduces costs is two ways:

  1. By reducing consumption of low value care (moral hazard); and
  2. By giving consumers an incentive to shop for lower price and higher quality care

HT:  MarginalRevolution.com

Leave a Reply

Your email address will not be published. Required fields are marked *