BANKRUPTCY,MEDICAL INSURANCE,AND A LAW WITH UNINTENDED CONSEQUENCES |
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| Authors: | Thomas G Koch |
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| Institution: | Bureau of Economics, Federal Trade Commission, Washington, USA |
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| Abstract: | Congress passed the Emergency Medical Treatment and Active Labor Act (EMTALA) in 1986, guaranteeing a standard of medical care to anyone who entered an emergency room. This guarantee made default a more reliable substitute for medical insurance. I construct a tractable structural model of the medical insurance market and find that repealing EMTALA would increase the fraction of the population with insurance while decreasing its price. Copyright © 2013 John Wiley & Sons, Ltd. |
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| Keywords: | adverse selection bankruptcy and default medical insurance EMTALA 1 5 health insurance bankruptcy |
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