Subtopics:
Learning Objectives:
Undergraduate students should be able to
- Explain the impact of insurance on the basic elements of supply and demand for healthcare services in the U.S. healthcare marketplace
- Describe moral hazard and adverse selection
Graduate students should also be able to
- Apply concepts of economics to analyze the enviornment
- Analyze the effects of insurance on the US healthcare market
- Explain the effects of moral hazard and adverse selection on the health insurance market