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The Medical Uninsured: a Case of Market Failure?

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  • David L. Cleeton

    (Oberlin College)

Abstract

A model of insurance is presented to show the sources of market failure that result from the current design of public medical assistance programs as stop- Abstract loss insurance. Simulation results are presented for a linear premium subsidy program as a possible solution to the problem.

Suggested Citation

  • David L. Cleeton, 1989. "The Medical Uninsured: a Case of Market Failure?," Public Finance Review, , vol. 17(1), pages 55-83, January.
    • Handle: RePEc:sae:pubfin:v:17:y:1989:i:1:p:55-83
    DOI: 10.1177/109114218901700103
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    References listed on IDEAS

    as
    1. Pauly, Mark V, 1986. "Taxation, Health Insurance, and Market Failure in the Medical Economy," Journal of Economic Literature, American Economic Association, vol. 24(2), pages 629-675, June.
    2. Stuart, Charles E, 1984. "Welfare Costs per Dollar of Additional Tax Revenue in the United States," American Economic Review, American Economic Association, vol. 74(3), pages 352-362, June.
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