Economic Implications of Rising Health Care Costs
Examines the effects of rising health care costs on the economy. In particular, it examines how the costs affect workers, businesses and governments. Chapters: special characteristics of health care markets; what has caused the rapid increase in health expenditures; the economic effects of rising costs for employer-provided insurance and how the rising costs for government health programs affect the economy. 21 charts and tables.
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Page 37 - Although employers initially pay most of the costs of employees' health insurance, in the long run these costs are largely shifted to workers in the form of lower real wages and reduced nonmedical benefits.
Page 24 - Perhaps most important, technological change is very rapid in the health care sector, but market constraints mat might ensure that new technologies are used in cost-efficient ways may not operate effectively. As long as health insurance pays for new technologies, the private sector is encouraged to develop any innovation, regardless of cost, that is likely to improve the quality of care. Other countries strictly control the supply of new technology to the health sector. But there is no effective...
Page 38 - Triplett (ed.), The Measurement of Labor Cost. Chicago: University of Chicago Press. Osterman, P. (1986). 'The impact of computers on the employment of clerks and managers'.
Page 7 - Office report on health care costs found that "(a)lthough employers initially pay a significant portion of employer-provided health insurance, in the long run employers shift most of their costs to workers in the form of lower wages or less generous nonmedical benefits.
Page 38 - Huang, The Tax Treatment of Fringe Benefits (Kalamazoo, Mich.: WE Upjohn Institute for Employment Research, 1991). 20. This consequence of insurance is termed "moral hazard...
Page 31 - But a careful analysis shows that in the long run employers' costs are largely shifted back to workers in the form of lower real wages and reduced nonmedical benefits.
Page 7 - Office based on data from the Department of Commerce, Bureau of the Census and International Trade Administration.