 |
| Research article summary (published 29 Apr 2003): |
Moral hazard and adverse selection in Australian private hospitals: 1989-1990.
Full Abstract
The Australian hospital system is characterized by the co-existence of private hospitals, where individuals pay for services and public hospitals, where services are free to all but delivered after a waiting time. The decision to purchase insurance for private hospital treatment depends on the trade-off between the price of treatment, waiting time, and the insurance premium. Clearly, the potential for adverse selection and moral hazard exists. When the endogeneity of the insurance decision is accounted for, the extent of moral hazard can substantially increase the expected length of a hospital stay by a factor of up to 3.
Learn Faster Today Improve your study skills
Author information
Author/s: Savage, Elizabeth (E); Wright, Donald J (DJ);
Affiliation: CHERE, University of Technology, Sydney, NSW, Australia. elizabeth.savage@chere.uts.edu.au
Journal and publication information
Publication Type: Comparative Study; Journal Article
Journal: Journal of health economics (J Health Econ), published in Netherlands. (Language: eng)
Reference: 2003-May; vol 22 (issue 3) : pp 331-59
Dates: Created 2003/04/09; Completed 2003/06/10; Revised 2006/11/15;
PMID: 12683956, status: MEDLINE (last retrieval date: 11/6/2008)
Sourced from the National Library of Medicine. Abstract text and other information may be subject to copyright.
External Links for this article (including full text providers, if available):
Click Electronic Full-text Provider Links to see options for finding the electronic full text links to this article. Note there may be a subscription or fee required for access to the full text. See our FAQ for information on finding FREE full text articles.
This article may also be located in paper journal collections available in many libraries. Use the Journal and Publication Information above to find the full article.
MeSH headings (categories)
This article was linked to the MESH Headings shown below.
|
|
Related articles
This article has not been indexed for related articles as yet, however you can still use the live related article search links below.
See a large map of 100+ related articles.