Health Insurance, Third Edition

Health insurance is the machinery that makes the US health system run. But what's going on under the hood? Health Insurance, Third Edition, helps students with the nuts and bolts. Bridging the gap between introductory economics courses and the field of healthcare administration, the book applies economic theory to the real world to explain why the health insurance market functions the way it does. Author Michael Morrisey, in a straightforward style, clearly explains such difficult concepts as adverse selection, moral hazard, managed care, and employer-sponsored health insurance. The book is distinguished by its in-depth discussion of research in health economics, both cutting edge and classic. It clarifies additional concepts like risk adjustment, demand, health savings accounts, selective contracting, the diversity of health insurance markets, and the functioning of Medicare and Medicaid. This third edition has been substantially revised to reflect the rapid evolution of the health field. Throughout, data used are the most recent available. New elements include: An all-new chapter on the Affordable Care Act (ACA) Deep revisions to chapter 3 (A Summary of Insurance Coverage), chapter 12 (Insurance Market Structure, Conduct and Performance), and chapter 19 (The Individual Market) New sections on the ACA's risk adjustment and transitional adjustment mechanisms, the Oregon Medicaid experiment, wellness programs, interstate competition, and private health insurance exchanges Fresh data on health savings accounts and consumer-directed high-deductible plans DHPs. Inclusion of tax law changes in the ACA and in the 2018 tax reforms. An explanation of modified adjusted gross income, a new approach to defining eligibility Though health insurance has been a major player in the American healthcare system for decades, but it's hardly static. This new edition of Health Insurance keeps pace with the changes while also keeping up on the basics--

• | Author: Michael A. Morrisey
• | Publisher: AUPHA/HAP Book
• | Publication Date: May 11, 2020
• | Number of Pages: 630 pages
• | Language: English
• | Binding: Hardcover
• | ISBN-10: 1640551603
• | ISBN-13: 9781640551602