Abstract
A measure of the economic welfare cost due to excess usage of insured services is presented, illustrated by empirical estimations of the welfare cost of existing insurance in selected years and of the effect on marginal welfare cost if all 1963 physician care had been fully insured. It is argued that no a priori case can be made for either increasing or restricting insurance coverage as a means of reducing excess usage cost, but that empirical investigation, with refined estimates of critical parameters, will allow prediction of the effect of any health insurance package on economic welfare.
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Selected References
These references are in PubMed. This may not be the complete list of references from this article.
- KLARMAN H. E. EFFECT OF PREPAID GROUP PRACTICE ON HOSPITAL USE. Public Health Rep. 1963 Nov;78:955–965. [PMC free article] [PubMed] [Google Scholar]