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Related Experiment Videos

Consolidation and restructuring: the next step in managed care.

P M Danzon1, L G Boothman, P E Greenberg

  • 1Wharton School, University of Pennsylvania, Philadelphia 19104, USA.

Health Care Management (Philadelphia, Pa.)
|September 5, 1995
PubMed
Summary

Rising healthcare costs stem from information gaps and moral hazard. Managed care strategies like education and risk-sharing, supported by larger networks from mergers, are key to addressing these issues.

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Area of Science:

  • Health economics
  • Healthcare management

Background:

  • Healthcare expenditures in the U.S. are rising.
  • Asymmetric information and moral hazard are fundamental problems in healthcare.
  • These issues impact the effectiveness of healthcare systems.

Purpose of the Study:

  • To analyze the role of asymmetric information and moral hazard in rising healthcare costs.
  • To explore strategies within managed care to address these challenges.
  • To identify key trends in managed care evolution.

Main Methods:

  • Analysis of healthcare economic principles.
  • Examination of managed care strategies.
  • Identification of trends in healthcare market structures.

Main Results:

Related Experiment Videos

  • Asymmetric information and moral hazard contribute to rising U.S. healthcare expenditures.
  • Information-based consumer education and provider risk-sharing are crucial managed care strategies.
  • Larger networks, achieved through mergers and alliances, offer advantages for implementing these strategies.

Conclusions:

  • Managed care must address information asymmetry and moral hazard for success.
  • Strategies like consumer education and risk-sharing are vital.
  • Market consolidation, including hospital mergers and physician-hospital alliances, facilitates effective managed care.