This paper presents a dynamic general equilibrium model designed to examine the macroeconomic effects and welfare implications of alternative reforms to the US health insurance system. Specifically, it scrutinizes the extent to which health care reform can mitigate inefficiencies stemming from...

In this paper I employ a dynamic general equilibrium model to study macroeconomic effects and welfare implications of alternative reforms to the U.S. health insurance system. In particular, I focus on to what extent a health care reform can reduce inefficiency originating from market...