Abstract
Rising expenditures on health care in the U.S. have been facilitated by the fundamental problems of asymmetric information and insurance-induced moral hazard. If managed care is to succeed, it must take both into account through strategies such as information-based consumer education and provider risk-sharing. Because larger networks offer significant advantages in implementing such strategies, hospital mergers, physician-hospital alliances, and economies of scale are major trends in the evolution of managed care.
MeSH terms
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Community Networks / economics*
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Community Networks / standards
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Continuity of Patient Care
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Delivery of Health Care, Integrated / economics
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Economic Competition
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Efficiency, Organizational
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Health Facility Merger / economics*
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Health Services Research
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Hospital-Physician Joint Ventures
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Insurance Selection Bias
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Managed Care Programs / economics
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Managed Care Programs / organization & administration*
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Managed Care Programs / trends
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Multi-Institutional Systems / economics
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Organizational Innovation*
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Quality of Health Care
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Risk Management
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United States