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Achieving Universal Health Insurance Coverage in the United States: Addressing Market Failures or Providing a Social Floor? / Katherine Baicker, Amitabh Chandra, Mark Shepard.

NBER Working papers Available online

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Format:
Book
Author/Creator:
Baicker, Katherine.
Contributor:
National Bureau of Economic Research.
Chandra, Amitabh.
Shepard, Mark.
Series:
Working Paper Series (National Bureau of Economic Research) no. w30854.
NBER working paper series no. w30854
Language:
English
Physical Description:
1 online resource: illustrations (black and white);
Place of Publication:
Cambridge, Mass. National Bureau of Economic Research 2023.
Summary:
The United States spends substantially more on health care than most developed countries, yet leaves a greater share of the population uninsured. We suggest that incremental insurance expansions focused on addressing market failures will propagate inefficiencies and are not likely to facilitate active policy decisions that align with societal coverage goals. By instead defining a basic bundle of services that is publicly financed for all, while allowing individuals to purchase additional coverage, policymakers could both expand coverage and maintain incentives for innovation, fostering universal access to innovative care in an affordable system.
Notes:
Print version record
January 2023.

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