The Genetic Revolution Highlights the Importance of Nondiscriminatory and Comprehensive Health Insurance Coverage
Name
JGruber _Genetic Revolution_Highlights_Importance_of_Nondiscriminatory _Comprehensive_Health_Insurance_Coverage.docx
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14.95 KB
Format
Microsoft Word XML
Checksum (MD5)
c5614a96931a618ffc8c1aab12d3b94b
Author(s)
Gruber, Jonathan
Date Issued
September 2019
Journal
American Journal of Bioethics
Publisher
Informa UK Limited
Citation
Gruber, Jonathan. "The Genetic Revolution Highlights the Importance of Nondiscriminatory and Comprehensive Health Insurance Coverage." The American Journal of Bioethics 19, 10 (September 2019): 10-11 © 2019 Taylor & Francis Group
Version
Author's final manuscript
Abstract
Kenneth Arrow, the economist whose 1963 article established the principles of modern health economics, once posed a parable to show the pernicious role that information can play in insurance markets. Suppose there are two islands, each with one farmer on it. The farmers know that a hurricane is coming that will wipe out one of their islands—but they don’t know which one. In that case, the farmers will naturally want to form an insurance arrangement, agreeing in advance that the farmer who gets wiped out will receive help from the farmer who escapes damage.
MIT Department
Massachusetts Institute of Technology. Department of Economics
Sloan School of Management
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1080/15265161.2019.1644822
