Abstract
This paper analyses the optimal choice of medical investment and design of health insurance system in an interactive medical context with the utility-maximising patient, the net-revenue-maximising physician and the insurer pursuing the patient’s benefits and a balance between revenues and costs. The feasibility of cost reduction or benefit improving is addressed. With positive payments to the physician, cost reduction or benefit improving is obtainable through a reduction in the social loss by restraining overinvestment in medical capital goods. A fully prospective payment system would be a cost- minimising payment system but not definitely a benefit-improving system.
| Original language | English |
|---|---|
| Pages (from-to) | 23-41 |
| Number of pages | 19 |
| Journal | International Journal of Revenue Management |
| Volume | 2 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2008 Jan 1 |
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All Science Journal Classification (ASJC) codes
- Business and International Management
- Finance
- Economics and Econometrics
- Strategy and Management
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Optimal medical investment and insurance system : revenues, costs and benefits. / Chen, Chunyuan; Lin, Zih Yan; Hsieh, Ya Chiao.
In: International Journal of Revenue Management, Vol. 2, No. 1, 01.01.2008, p. 23-41.Research output: Contribution to journal › Article
TY - JOUR
T1 - Optimal medical investment and insurance system
T2 - revenues, costs and benefits
AU - Chen, Chunyuan
AU - Lin, Zih Yan
AU - Hsieh, Ya Chiao
PY - 2008/1/1
Y1 - 2008/1/1
N2 - This paper analyses the optimal choice of medical investment and design of health insurance system in an interactive medical context with the utility-maximising patient, the net-revenue-maximising physician and the insurer pursuing the patient’s benefits and a balance between revenues and costs. The feasibility of cost reduction or benefit improving is addressed. With positive payments to the physician, cost reduction or benefit improving is obtainable through a reduction in the social loss by restraining overinvestment in medical capital goods. A fully prospective payment system would be a cost- minimising payment system but not definitely a benefit-improving system.
AB - This paper analyses the optimal choice of medical investment and design of health insurance system in an interactive medical context with the utility-maximising patient, the net-revenue-maximising physician and the insurer pursuing the patient’s benefits and a balance between revenues and costs. The feasibility of cost reduction or benefit improving is addressed. With positive payments to the physician, cost reduction or benefit improving is obtainable through a reduction in the social loss by restraining overinvestment in medical capital goods. A fully prospective payment system would be a cost- minimising payment system but not definitely a benefit-improving system.
UR - http://www.scopus.com/inward/record.url?scp=84952970812&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84952970812&partnerID=8YFLogxK
U2 - 10.1504/IJRM.2008.018176
DO - 10.1504/IJRM.2008.018176
M3 - Article
AN - SCOPUS:84952970812
VL - 2
SP - 23
EP - 41
JO - International Journal of Revenue Management
JF - International Journal of Revenue Management
SN - 1474-7332
IS - 1
ER -