Intersection of Public and Private Markets
In the United States, a functioning health care market requires a delicate balance among diverse constituencies to maximize efficiency and success. Some groups focus on access to health care, while others on profits, population health, or political advantage. Competing — and sometimes conflicting — interests must be closely evaluated and considered when developing public health care policy in a public–private market.
To help public agencies strike the most effective balance, the Center for Health Law and Economics at UMass Medical School provides expert analysis of the many factors that can affect a health policy’s success. We propose solutions that address a variety of these issues:
- Preventing or mitigating adverse selection and crowd-out in a public–private insurance market
- Improving system efficiency to contain costs, identify waste, and maximize the use of each dollar
- Managing the use and analyzing the effects of financial incentives on pay-for-performance measures