Insurance is a mechanism for dealing with the consequences of uncertain future states of the world.
Health insurance and its consequences are significant reasons why health care markets differ from others. This course will present the underpinnings of health insurance, the classic problems of moral hazard and adverse selection, issues in the nature and effects of competition in the evolving managed care industry, employer sponsored health insurance, Medicare, Medicaid and current topics in health insurance and managed care. The course will qualify you to be neither an actuary nor a salesperson. Successful completion of a health economics course is the only prerequisite. The course is a mixture of lecture and class discussion.