Winners and Losers of Universal Health Insurance: A Macroeconomic Analysis

Wung Lik Ng, Yin Chi Wang

Research output: Contribution to journalArticle

Abstract

This paper studies the supply-side distortions and the consequences resulted from provider-side cost containing universal health insurance (UHI) scheme. A two-sector overlapping generations model of endogenous physicians' specialty choice is presented. We find that the general public is possible to be benefited from the cost containing UHI if the quality of medical services does not deteriorate too much. However, physicians in the medical service sector suffer from such scheme and end up earning lower incomes, regardless of one's specialty and talent. Inequality among physicians also increases.

Original languageEnglish
Article number20180064
JournalB.E. Journal of Theoretical Economics
Volume20
Issue number1
DOIs
Publication statusPublished - 2020 Jan 1

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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