Technological change and health insurance *

Peter Zweifel

in The Economics of New Health Technologies

Published in print May 2009 | ISBN: 9780199550685
Published online February 2010 | e-ISBN: 9780191720543 | DOI:
 Technological change and health insurance *

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This chapter argues that there is a dual causal link between technological change and insurance. On the one hand, technological change often presents new opportunities, but also challenges to insurers. However, what has been rarely recognized up to now is that insurance may also induce technological change, in the guise of both product innovation and process innovation. The first part of the chapter discusses the impact of innovation on insurance, followed by innovation in medicine and its impact on health insurance. The second half is devoted to the reverse causal relationship, starting with the feedback from insurance to innovation, in general, and ending with the feedback from health insurance to technological change in medicine.

Keywords: technological change; health insurance; technological innovation; medical innovation; product innovation; process innovation

Chapter.  6168 words.  Illustrated.

Subjects: Public Health and Epidemiology

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