Events - Past seminars
The Role of Markets in Health Care by Prof Marc J Roberts
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Date: May 29, 2002 (Wednesday)
Time: 18:00 - 19:30 hrs
Venue: Room LG104, KK Leung Building, Main Campus, The University of Hong Kong, Pokfulam.

In recent years many economists have advocated an increased role for the market in the health care sector. Proposals range from hospital privatization, to the separation of financing from the provision of services within public systems, to the creation of competitive markets for private insurance to finance care. The analyses which lie behind these suggestions are quite varied. Some suggestions come from critics of poor public sector performance who see markets and privatization as the only hope. Some seek to tap private capital to supplement limited public funds. And some of these proposals come from those philosophically opposed to uniform public programs who want to allow the rich to spend more and get more than they often can under existing arrangements.

However health care markets have several important and unique characteristics which have to be taken into account in any use of market principles in this sector. Patients know more about their own health status than insurers but less about what care is appropriate than their doctors. Doctors often have serious conflicts of interest when they act as the "agents" for their patients. And since the chronically ill are bad risks, insurance companies have every reason to not sell insurance at affordable prices to those who need it most.

Given all of these difficulties, what is the appropriate role for the market in health care? Where can we expect it to work more or less satisfactorily. What policies can governments follow to get the advantages of the market's incentives and the market's responsiveness without also having to suffer from some of its undesirable features?

Professor Roberts' research focuses on the development and implementation of public policy within the broad areas of environmental policy and the organization of health care systems. His book on health care reform, Your Money or Your Life, written with Alexandra Clyde, is designed to be a citizens guide--written in non-technical language--to help individuals understand the current debate. He and his co-authors are also revising and updating their classic study of policy development at E.P.A., published five years ago by Oxford University Press, with new material about the Bush and Clinton administrations. Roberts' work spans the gamut from the most detailed to the most abstract. Listed below are some of his selected publications:

Roberts MJ with Clyde A. Your Money or Your Life: The Health Care Crisis Explained. Doubleday, 1993.

Landy M, Roberts MJ, and Thomas S. E.P.A.: Asking the Wrong Questions. Oxford: University Press, revised paperback edition, 1994.

Graham JD, Green LC, and Roberts MJ. In Search of Safety: Chemicals and Cancer Risk, Harvard University Press, 1988.

Lauterbach K and Roberts MJ. Applied Ethics and The Practice of Public Health: A Student Handbook.

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