New Thinking in Political Economy series
Edited by Robert F. Salvino Jr., Michael T. Tasto and Gregory M. Randolph
Chapter 8: Bureaucracy and business: how healthcare policy guides the invisible hand
This chapter examines the impact of one object of government policy - employer-provided health insurance - on the decisions of individuals within firms, ultimately affecting prosperity's lifeblood - entrepreneurship and innovation. It highlights many of the undesirable outcomes of the public-private marketplace for healthcare in the United States. It is argued that these outcomes are consistent with consequences of greater bureaucratic decision-making in otherwise localized, private decisions, and it is suggested that more desirable outcomes for individuals and society in general would arise from less centralized decision-making and regulatory constraint in the structure of the healthcare market.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.