Managing uncertainty: intermediate organizations as triple agents

Article Abstract:

Managed care as significantly increasing uncertainty for patients and physicians while decreasing it for purchasers and providers is discussed. These differential effects help explain why it has still continued growing despite its unpopularity. Intermediate organizations such as managed care can only reduce uncertainty if they increase quality and decrease unnecessary costs.

Influence, Managed care plans (Medical care)

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Reflections on the reflections

Article Abstract:

Kenneth J Arrow, whose theories on health care are the subject of this symposium, offers his reaction, which includes the subtopics of changes in health insurance, increased medical utilization, the probability of a transformation in the industry due to the information revolution and the part played by asymmetric information.

Health insurance, Medical care, Cost of, Health care costs

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Arrow's analysis of social institutions: entering the marketplace with giving hands?

Article Abstract:

How Kenneth J. Arrow analyzed social institutions in his 1963 article the implications of this analysis for making policy are discussed. Moving beyond a simple market-nonmarket distinction and finding a good balance are important.

Beliefs, opinions and attitudes, Social institutions, Arrow, Kenneth J.

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