This paper is concerned with the economics of mental health. We argue that mental health
economics is like health economics only more so: uncertainty and variation in treatments are …

The purpose of this paper is to address why the three dominant alternatives to compensating
physicians (fee-for-service, capitation, and salary) fall short of what is needed to support …

We use data on health plan choices by employees of Harvard University to compare the
benefits of insurance competition with the costs of adverse selection. Moving to a voucher …

To combat adverse selection, governments increasingly base payments to health plans and
providers on enrollees' scores from risk-adjustment formulae. In 2004, Medicare began to …

In the 1990s many countries have chosen to use prospective payment arrangements for
health plans (eg, health insurers, sickness funds or HMOs) together with health plan …

Individual choice among health insurance policies may result in risk-based sorting across
plans. Such adverse selection induces three types of losses: efficiency losses from …

Urinary incontinence imposes a significant financial burden on individuals, their families,
and healthcare organizations. For individuals 65 years of age and older these costs are …

Background. While the adjusted clinical group (ACG) system has been extensively validated
in the United States, its use in other developed nations has been limited. This article …

Health plans paid by capitation have an incentive to distort the quality of services they offer
to attract profitable and to deter unprofitable enrollees. We characterize plans' rationing as a …

OBJECTIVES: Despite Medicare, elderly persons are exposed to substantial out-of-pocket
health care cost burdens. As Medicare reform proposals are considered, it is important to …