An Essay on the National Financing of Health Care

Jeffrey H. Weiss and Lynda Brodsky

Journal of Human Resources, 1972, vol. 7, issue 2, 139-151

Abstract: Proposed plans for the national financing of health care seek to eliminate the problems of a maldistribution of health services and resources, an in-efficient medical care delivery system, rapidly rising costs and prices, and inadequate catastrophic health insurance. Because these objectives cannot be advanced simultaneously, one must decide on an ordering of objectives. After priorities are established, many issues such as eligibility requirements, benefits covered, reimbursement rules, financing mechanisms, and administration remain to be decided. Senator Kennedy's Health Security program is used to illustrate the trade-off effects of the provisions of one plan against the objectives of national health insurance.

Date: 1972
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