Economics and Mental Health

Medicaid And Mental Health: Be Careful What You Ask For

“…Rational state responses to the introduction and expansion of Medicaid could be expected to result in cost shifting. 16 Existing evidence is consistent with the expectation of cost shifting. States' responses to such incentives can be characterized by the phrase: "If it moves, Medicaid it."…”

Health Care Reform and Long-Term Care in the Netherlands

“…The introduction of an output based financing scheme is particularly risky in mental health care, as this area is more susceptible to market failures, such as risk selection, moral hazard and supplier-induced demand, than other health services (Frank and McGuire, 2000). Moreover, meeting the preconditions is not a trivial task, particularly within such a short time frame.…”

“…Moreover, meeting the preconditions is not a trivial task, particularly within such a short time frame. More fundamentally, it is inherently difficult to predict mental care utilisation (and costs) and important explanatory factors cannot be translated into measurable risk adjusters, implying that the full exposure of health insurers to financial risks in this area may result in risk selection and underinvestment in capacity (Frank andMcGuire, 2000 andWOR, 2011).…”

A tale of two tails: peakedness properties in inheritance models of evolutionary theory

“…This strand of research is motivated, in part, by significant influence of an individual's genetic endowment on achievable economic outcomes and strong dependence of the distribution of human capital on the distribution of abilities and rates of illness in population and on the transmission of genes through generations (see, among others, Becker, 1993, Ch. 4, 5, Currie, 2000, Frank and McGuire, 2000, Haveman and Wolfe, 2000, Zak, 2002. It was demonstrated in a number of studies that heritability is significant and often exceeds environmental effects for many human psychological, psychiatric and neurological phenotypes affecting human capital in an economy (e.g., Ehrman and Parsons, 1977, the contributions in Fuller and Simmel, 1983, Plomin, deFries and McClearn, 1990, Plomin, Owen and McGuffin, 1994, Rowe, 1994, and Gilger, 2000.…”