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While it is well-accepted that expanding insurance coverage leads to greater health care utilization, it is less clear that health improves as a result. A recent paper by Chen et al. (2007) examined t...
On March 1 1995, Taiwan initiated its National Health Insurance (NHI) program that mandated insurance coverage to its 21 million citizens including 8 million previously uninsured. The mandate generate...
One of the sectors that have undergone particularly dramatic transformations since the beginning of the opening-up of the Chinese economy in the late 1970s is health care. The cost of health care has ...
Introduction The Social Security Amendments of 1983 were hailed by their authors as the ultimate solution to the financing problems of the Social Security system. In view of the persistence of thes...
Introduction Reported threats to human health from chemical releases into the environment have become a weekly ritual. Despite contrary biomedical evidence (Ames 1983; Peto 1984), a majority ofthe ...
Introduction In neoclassical price theory the firm is a black box and there are no banks. Into the box go labor and capital and out come products; the apparatus is driven by wealth maximization and...
My purpose in this paper is to analyze how market incentives could substitute for government regulation ofbanks in controlling risk. The present system for insuring bank deposits is unique in conjoi...
The McCarran-Ferguson Act (PL-15) passed in 1945 exempts the state-regulated property-casualty (P/C) insurance industry from important sections of the federal antitrust laws. There are a number of ...
The failures in 1985 of deposit insurance programs in Maryland and Ohio, along with the present difficulties of the Federal Savings and Loan Insurance Corporation (FSLIC) andthe Federal Deposit Insu...
Dramatic changes in recent decades in the economics of the financial services industry, due largely to the computer revolution, have destroyed the efficacy of traditional financial services regulati...
Government never of itself furthered any enterprise, but by the alacrity with which it got out of the way. —Henry David Thoreau
The virtual elimination of the federal deposit insurance premium for the majority of banks in 1995 and 1996 has been widely heralded as a boon for bankers. Certainly it represents welcome relief fro...
Since the collapse of the Clinton plan for large-scale health reform, Congress has approached the medical care sector of the economy very gingerly. One apparent lesson of the reform (though an obvio...
When Congress passed the Health Insurance Portability and Accountability Act (HIPAA) in 1996, the legislation was marketed as a modest attempt to address health insurance portability problems facing...
There has been a rising global trend for countries, especially in the emerging economies, to institute explicit deposit insurance schemes in the last two decades. During this period, financial marke...

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