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Rate Regulation of Worker's Compensation Insurance: How Price Controls Increaee Cost de Patricia Munch Danzon

Rate Regulation of Worker's Compensation Insurance: How Price Controls Increaee Cost

Autor Patricia Munch Danzon, Patricia M. Danson Scott Harrington
en Limba Engleză Paperback – 31 dec 1997
This text defines the problem, describes the regulatory response and analyzes the effects of rate regulation. It demonstrates how regulation intended to control costs can exacerbate cost growth by subsidizing high-risk activities and firms at the expense of low-risk activities and firms.
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Specificații

ISBN-13: 9780844739335
ISBN-10: 0844739332
Pagini: 170
Dimensiuni: 136 x 216 x 15 mm
Greutate: 0.25 kg
Ediția:New.
Editura: AEI Press

Textul de pe ultima copertă

In the 1980s and the early 1990s, America's system of workers' compensation insurance was in trouble. As medical costs grew and benefits and compensable injuries expanded, costs of this insurance skyrocketed. In response, the states imposed price controls, but those controls caused unforeseen--and negative--consequences. The authors define the problems, trace the regulatory responses, and analyze the effects of rate regulation.