'Modern Healthcare' Examines Malani's Research on Effects of Increased Insurance Coverage on Medical Innovation
Better health insurance coverage—such as that being provided by healthcare reform—may be bad for medical innovation.
That's one conclusion of a study produced by two University of Chicago professors who studied the relationship between insurance coverage and medical breakthroughs.
While the study, “How Do Health Care Reforms Affect Medical R&D? The Subject Market Effect,” includes a dizzying amount of mathematical calculations to back up their claims, one of the authors put it in the more simple terms of supply and demand.