This module introduces the economics of insurance, as well as its structure and key components. Prof. David will also examine the concepts of risk aversion and moral hazard, and the challenges of cost sharing and adverse selection.

In this module, Prof. David surveys the economics of health care from the physician and hospital perspectives, including the impact of incentives, supplier-induced demand, cost-shifting, and cross-subsidization. Dr. Emanuel explains provider payments to hospitals and doctors, and he examines collaborative care models offering behavioral health.

In this module, Prof. David surveys the economics of post-acute and hospice care and the shift toward care outside the hospital. He explains the relevance of vertical and horizontal integration, price discrimination, and price fixing to health systems. And he examines certificate of need and antitrust regulations, as well as the process for determining whether mergers violate antitrust laws. By the end of this module, you will have a deeper understanding of the health care ecosystem, and how various providers of health care affect each other within that system.