Pooling Health Insurance Risks by Mark V. Pauly, Bradley HerringCall Number: HG9396 .P383
ISBN: 0844741191
Describe how insurance markets cope with risk. Analyzes the individual, small-group, and large-group markets and disproves the conventional wisdom that large-group insurance pool risks among the insured, while individual insurance sets premiums proportionately to risk. Shows that the problem of risk segmentation in unregulated individual health insurance markets is less serious than thought: the premiums paid by those with chronic conditions are not consistently greater than those paid by the healthy- Publisher