English, Article edition: Income Disparity, Inequity Aversion and the Design of the Healthcare System John Leach

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Bookmark: http://trove.nla.gov.au/version/108220
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  • article
Language
  • English

Edition details

Title
  • Income Disparity, Inequity Aversion and the Design of the Healthcare System
Author
  • John Leach
Physical Description
  • article
Notes
  • An "ex post" social welfare function is used to evaluate alternative healthcare systems. If a society is averse to inequality and there is some income disparity, social welfare under private healthcare insurance is sometimes higher and sometimes lower than social welfare under public healthcare. However, a third system-public healthcare with the option to purchase supplemental healthcare insurance-is always socially preferred to private healthcare insurance. Moreover, it is either socially preferred to public healthcare or equivalent to it. Copyright © The editors of the "Scandinavian Journal of Economics" 2009. .
  • RePEc:bla:scandj:v:111:y:2009:i:2:p:277-297
Language
  • English
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