Health-care consumption in the United States has risen from 5.2% in 1960 to 17.8% of 2009 Gross Domestic Product (GDP) creating a burden that will soon be too heavy for the economy to bear. This paper proposes that the primary accelerants of health-care expenditures result from the third-party payer system that emerged in the 1950s. These corporate benefits and government subsidies, when overlaid on the traditional health-care model, have led to sustained increases in the production, recommendation, and consumption of health care while magnifying the moral hazard problem inherent in health insurance.
|Advisor:||Hummel, Jeffrey R.|
|Commitee:||Henderson, David R., Hummel, Jeffrey R., Ortega, Lydia D.|
|School:||San Jose State University|
|School Location:||United States -- California|
|Source:||MAI 51/01M(E), Masters Abstracts International|
|Subjects:||Medical Ethics, Economics, Health care management|
|Keywords:||Health care, Induced demand, Life expectancy, Medical insurance, Moral hazard, Subsidies|
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