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The health care challenge: some perspectives from behavioral economics

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  • Richard G. Frank

Abstract

National health care goals generally include providing broad access to appropriate amounts of high-quality health care at appropriate cost to the ultimate payers. Yet all countries, regardless of how they deliver and finance health care, struggle to achieve a sustainable balance among the implicit tradeoffs. Does this struggle stem from the limited scope for competition in health care or from information asymmetries? Or does it simply reflect the inherent difficulty of measuring health care output and quality? Alternatively, does it result from deep-seated human behavior - a tendency for individuals to postpone saving, say, or for the utility of health care to shift over time? What are the implications for reform?

Suggested Citation

  • Richard G. Frank, 2005. "The health care challenge: some perspectives from behavioral economics," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 50(Jun), pages 61-75.
    • Handle: RePEc:fip:fedbcp:y:2005:i:jun:p:61-75:n:50
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    References listed on IDEAS

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    1. Richard G. Frank, 2004. "Behavioral Economics and Health Economics," NBER Working Papers 10881, National Bureau of Economic Research, Inc.
    2. Kathleen J. Mullen & Richard G. Frank & Meredith B. Rosenthal, 2010. "Can you get what you pay for? Pay‐for‐performance and the quality of healthcare providers," RAND Journal of Economics, RAND Corporation, vol. 41(1), pages 64-91, March.
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