Regulation, Risk, and the Affordable Care Act

Cocktails and Conversation with Pierre-André Chiappori

February 25, 2014

4:30pm 7:30pm

Gleacher Center, Room 621
Speakers

A crucial but insufficiently discussed aspect of the Affordable Care Act (ACA) is a ban on the use of pre-existing conditions for the pricing of health insurance contracts. This measure may have major potential benefits, but also raises very serious concerns, particularly because it may introduce a massive amount of adverse selection in an otherwise competitive market. 

Modern contract theory allows a much deeper understanding of these issues. In this discussion, Pierre-André Chiappori, Distinguished Research Fellow with the institute, considered the implications of the new regulation, both in its ethical and in its economic dimensions.

Read the full summary here »

February 25, 2014 - 4:30pm 7:30pm