Original paper

The insurance value of medical innovation

Volume: 145, Pages: 94 - 102
Published: Jan 1, 2017
Economists think of medical innovation as a valuable but risky good, producing health benefits but increasing financial risk for consumers and healthcare payers. This perspective overlooks how innovation can lower physical risks borne by healthy patients facing the prospect of future disease. We present an alternative framework that accounts for all these sources of value and links them to the value of healthcare insurance. We show that any...
Paper Details
The insurance value of medical innovation
Published Date
Jan 1, 2017
94 - 102
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