search query: @indexterm Buying / total: 210
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| Author: | Che, Y-K. Gale, I. |
| Title: | Buyer alliances and managed competition |
| Journal: | Journal of Economics and Management Strategy
1997 : SPRING, VOL. 6:1, p. 175-200 |
| Index terms: | ALLIANCES BUYING COMPETITION INSURANCE COMPANIES |
| Language: | eng |
| Abstract: | A large employer or an organized "buyer alliance" is in a position to influence the design of plans offered to it's members in a health insurance market. This paper explores how the sponsors of buyer alliances manage competition among insurance firms by focusing on their choices of the format of competition, the number of firms allowed to compete, and the quality of care offered by the firms. Deviations from optimality in all three dimensions were found. A tendency toward too many firms and too much quality and a bias toward a format involving the prescreening of insurance plans by the sponsor, were found. |
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