Health insurance is the machinery that makes the financing of the US
health system run. But what's going on under the hood? Health
Insurance helps readers learn the underlying assumptions, facts, and
variables that drive decision-making and choices on the payer side.
Picking up where introductory economics courses often leave off, the
book presents the foundational economic principles of health insurance
to clarify insurance-related policy and management issues. Author
Michael A. Morrisey clearly explains complex concepts such as adverse
selection, moral hazard, managed care, and employer-sponsored health
insurance. Also addressed are risk adjustment, demand, health savings
accounts, selective contracting, the diversity of health insurance
markets, and the functioning of Medicare and Medicaid. The book is
distinguished by its in-depth discussion of research in health
insurance, both cutting edge and classic. This third edition has been
substantially revised to reflect the rapid evolution of the healthcare
field stemming from the Affordable Care Act (ACA). Throughout, the most
recent available data is used. Though health insurance has been a major
player in the American healthcare system for decades, it's hardly
static. This new edition of Health Insurance keeps pace with the
changes, while also offering a thorough foundation on the basics.
