Construct · 1 fields · 1 citations

welfare loss of excess health insurance: a standalone construct

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welfare loss of excesshealth insurance1 CONSTRUCTWelfare loss of excessFELDSTEIN · HEALTH ECONOMICS

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Health economics

the efficiency cost of insurance so generous that it raises the price and quantity of care beyond what patients would buy at full price.

In health economics, welfare loss of excess health insurance refers to the efficiency cost of insurance so generous that it raises the price and quantity of care beyond what patients would buy at full price. This meaning comes from Feldstein (1973) in Journal of Political Economy.[1]

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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructsdeadweight loss1 fields · 3 citationsanchor · a standalone constructdirty2 fields · 2 citationsjingle · one word, two constructs

References

  1. Feldstein, M. S. (1973). The Welfare Loss of Excess Health Insurance. Journal of Political Economy, 81(2, Part 1), 251-280. https://doi.org/10.1086/260027

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