79070 - Law and Economics of Healthcare Insurance Markets

Course Unit Page

Academic Year 2019/2020

Learning outcomes

This course focuses on the economic and legal aspects of healthcare insurance markets mainly in developed countries. At the end of the course the student understands the fundamental economic and legal arguments for regulatory intervention in healthcare financing and insurance markets. The course also provides students with case-studies regarding the practice of health insurance in various European countries and the US. Teaching combines conceptual and theoretical considerations with applied country-based cases. At the end of the course, the student is expected to reach a detailed knowledge about: 1) the main economic and legal rationales lying behind healthcare financing and insurance markets; 2) the role, limitations and potential solutions of regulatory intervention in healthcare (e.g. including aged and long term care insurance) markets; 3) European countries and US health insurance design and regulatory frameworks.

Course contents

1) Market failures in health insurance:
a) Adverse selection b) Moral hazard c) Other inefficiencies
2) Government intervention and redistribution
3) Applications
4) The pubblic/private mix in health insurance
5) Social insurance
6) The Dutch health insurance model


Selected chapters from:
Bhattacharya, Hyde and Tu (2014), Health Economics, Palgrave Macmillan Edition.
Articles and reports provided by the lecturers.
Teaching material (slides).

Teaching methods

Class lectures.

Assessment methods

Written exam and class presentations


Office hours

See the website of Francesco Paolucci