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Winners and Losers of Universal Health Insurance: A Macroeconomic Analysis

Author

Listed:
  • Ng Wung Lik

    (National Cheng Kung University, Department of Economics, Tainan, Taiwan)

  • Wang Yin-Chi

    (Department of Economics, National Taipei University – Main Campus, Social Science Building 3F04, No.151, Daxue Rd., Sanxia Dist., New Taipei City23741, Taiwan)

Abstract

This paper studies the supply-side distortions and the consequences resulted from provider-side cost containing universal health insurance (UHI) scheme. A two-sector overlapping generations model of endogenous physicians’ specialty choice is presented. We find that the general public is possible to be benefited from the cost containing UHI if the quality of medical services does not deteriorate too much. However, physicians in the medical service sector suffer from such scheme and end up earning lower incomes, regardless of one’s specialty and talent. Inequality among physicians also increases.

Suggested Citation

  • Ng Wung Lik & Wang Yin-Chi, 2020. "Winners and Losers of Universal Health Insurance: A Macroeconomic Analysis," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 20(1), pages 1-20, January.
    • Handle: RePEc:bpj:bejtec:v:20:y:2020:i:1:p:20:n:8
    DOI: 10.1515/bejte-2018-0064
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    More about this item

    Keywords

    overlapping generations model; human capital; inequality; welfare;
    All these keywords.

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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