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Public Governance of Health Care in the United States

其他書名	A Transaction Costs Economics (TCE) Analysis of the 2010 Reform
出版	SSRN, 2018
URL	http://books.google.com.hk/books?id=373ezwEACAAJ&hl=&source=gbs_api

註釋This article aims to address the lack of TCE studies in health economics. It provides a content analysis of ObamaCare and 25 lawsuits that challenge the 2010 reform. It shows that the cultural environment determines the strength of features of governance structures and in line with this the strength of their instruments. Following Williamson's TCE model of governance structures, the zero transaction costs criterion is supplanted by the remediableness criterion. Assuming that ObamaCare might be ruled to be constitutional, the regulation of health care is found to be a comparative efficient governance structure in addressing adverse selection. However, the TCE analysis also reveals that ObamaCare itself is subject to some flaws in efficiency and effectiveness, namely: unbalanced adaptation mechanisms, unbalanced incentives and weak enforcement devices.