Chapter

Insurance and new technology

Mark V. Pauly and Adam Isen

in The Economics of New Health Technologies

Published in print May 2009 | ISBN: 9780199550685
Published online February 2010 | e-ISBN: 9780191720543 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199550685.003.0005
 Insurance and new technology

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There is a correlation between growing real income and growing medical spending, but the process that might link the one with the other is unknown. This chapter explores whether and how the linking mechanism is affected by health insurance. It hypothesizes that changes in health insurance in individual countries and variations in health insurance across countries might be expected to influence the pace, shape, and cost of technological change. It derives some economic models of the relationship between insurance, and the demand for and supply of new technology in a market-based setting with a private supply of both medical care and insurance.

Keywords: health insurance; technological change; economic models; medical care; medical spending

Chapter.  9596 words.  Illustrated.

Subjects: Public Health and Epidemiology

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