Fifth Annual Arrow Lecture
Moral Hazards in Health Insurance: Developments Since Arrow (1963)
April 10, 2012 · 6:00-7:30PM
Columbia University, Faculty Room, Low Memorial Library
- Amy Finkelstein, Professor of Economics at Massachusetts Institute of Technology
- Jonathan Gruber, Professor of Economics at Massachusetts Institute of Technology
- Kenneth Arrow, Professor Emeritus of Economics at Stanford University
- Joseph Stiglitz, University Professor Co-Chair of the Committee on Global Thought
The Fifth Annual Arrow Lecture, “Moral Hazard in Health Insurance: Developments Since Arrow (1963)”, will be presented by Amy Finkelstein, Professor of Economics at MIT and co-Director of the Public Economics Program at the National Bureau of Economic Research.
Finkelstein’s research focuses on public finance and health economics, market failures and government intervention in insurance markets, and public policy’s impact on the health care sector. Just as the Supreme Court was ruling on the constitutionality of the Affordable Care Act, Finkelstein’s lecture will examine the issue of moral hazard in health insurance, an issue first identified by Arrow. Her lecture will explore whether demand for medical care is sensitive to price and how alternative health insurance policies affect the level and growth of health care spending.
Discussant Jonathan Gruber, Professor of Economics at MIT, has served as adviser to both democratic and republican politicians on health care reform.