Cash and Counselling

Many economists claim that insurance that gives  sick people cash to pay for their medical treatments is more efficient than insurance that provides in-kind medical services directly.  Although providing in-kind services is more likely to decrease the number of false claimants than insurance that provides cash, cash benefits allow beneficiaries to control how they spend…

Health Insurance for Truckers

Accountable Care Organizations.  Medical Homes.  Integrated networks of providers.  Many of the latest health services research catch phrases are attempting to provide patients with a one-stop shop for all their health care needs.  The integrated systems attempt to prevent situations such as when  multiple physicians prescribe a host of drugs, some of which could be contraindicated. These integrated…

Health Insurance for Part Time Workers

The goal of LyfeBank is basically to serve as a 401(k) for health insurance.  Employers can make contributions to the employees health insurance into a fund and workers can use this money to buy various health insurance products, reimburse themselves for co-payments or deductibles, or pay for medical costs directly. LyfeBank has two key innovations.  The…

Health Care Reform in Massachusetts

With healthcare reform having passed, how will the health insurance market look a few years from now?  Although Mitt Romney may (or may not) deny it, Massachusetts has been a model for President Obama’s health reform bill.  In 2006, Massachusetts passed its own health reform and when the share of uninsured residents was at 14%. …

The Cost of Health Insurance Mandates

Health insurance mandates increase health insurance cost.  By compelling insurance companies to cover certain medical treatments, cost inevitably rise.  Of course the people who receive these treatments benefit while those who do not must pay additional premiums.  A recent paper by the Pacific Research Institute summarizes the findings of various studies of the impact of…