TY - JOUR
T1 - Winners and Losers of Universal Health Insurance
T2 - A Macroeconomic Analysis
AU - Ng, Wung Lik
AU - Wang, Yin Chi
N1 - Publisher Copyright:
© 2019 Walter de Gruyter GmbH, Berlin/Boston.
PY - 2020/1/1
Y1 - 2020/1/1
N2 - 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.
AB - 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.
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U2 - 10.1515/bejte-2018-0064
DO - 10.1515/bejte-2018-0064
M3 - Article
AN - SCOPUS:85074237380
SN - 1935-1704
VL - 20
JO - B.E. Journal of Theoretical Economics
JF - B.E. Journal of Theoretical Economics
IS - 1
M1 - 20180064
ER -