Public governance of healthcare in the United States: a transaction costs economics (TCE) analysis of the 2010 reform

Author:

SPITHOVEN ANTOON

Abstract

Abstract:This article aims to address the lack of transaction costs economics (TCE) studies in health economics. It provides a content analysis of ObamaCare and 25 lawsuits that challenge the 2010 reform. It shows that the cultural environment determines the strength of features of governance structures and in line with this the strength of their instruments. Following Williamson's TCE model of governance structures, the zero transaction costs criterion is supplanted by the remediableness criterion. Assuming that ObamaCare might be ruled to be constitutional, the regulation of healthcare is found to be a comparative efficient governance structure in addressing adverse selection. However, the TCE analysis also reveals that ObamaCare itself is subject to some flaws in efficiency and effectiveness, namely: unbalanced adaptation mechanisms, unbalanced incentives and weak enforcement devices.

Publisher

Cambridge University Press (CUP)

Subject

General Economics, Econometrics and Finance

Reference72 articles.

1. Waxman H.A. and B. Stupak (2010), ‘Memorandum, Coverage Denials for Pre-Existing Conditions in the Individual Health Insurance Market’, Committee on Energy and Commerce, Congress of the United States, House of Representatives, Washington DC.

2. Comparative Economic Organization: The Analysis of Discrete Structural Alternatives

3. Health Care Reform — What Went Wrong on the Way to the Courthouse

4. Health Insurance Issuers Implementing Medical Loss Ratio (MLR) Requirements Under the Patient Protection and Affordable Care Act;Federal Register,2010

5. Irion V. R. (2010), ‘1st Amended Complaint’, Anthony Shreeve v. Barack Obama, et al., Document 3, Case No. 1:10-cv-00071, District Court for District of Tennessee.

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3