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A Skeptic's View of Global Budget Caps

A Skeptic's View of Global Budget Caps Abstract This brief paper explores the likely effects of government-imposed global budget caps, such as those in the Clinton administration proposal, on health care spending. It argues that health reform proposals that guarantee universal access to a basic package of medical benefits create a substantial new constituency for higher health care outlays. Political and potential legal pressures to expand rather than limit the set of guaranteed benefits, coupled with an expansion of the number of individuals with health insurance coverage, make it unlikely that global budget targets will succeed in reducing the rate of health care spending growth. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

A Skeptic's View of Global Budget Caps

Journal of Economic Perspectives , Volume 8 (3) – Aug 1, 1994

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References (3)

Publisher
American Economic Association
Copyright
Copyright © 1994 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/jep.8.3.67
Publisher site
See Article on Publisher Site

Abstract

Abstract This brief paper explores the likely effects of government-imposed global budget caps, such as those in the Clinton administration proposal, on health care spending. It argues that health reform proposals that guarantee universal access to a basic package of medical benefits create a substantial new constituency for higher health care outlays. Political and potential legal pressures to expand rather than limit the set of guaranteed benefits, coupled with an expansion of the number of individuals with health insurance coverage, make it unlikely that global budget targets will succeed in reducing the rate of health care spending growth.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Aug 1, 1994

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