Smeal’s Keith Crocker predicts that the elimination of medical underwriting—which will occur in 2014 when exclusions for preexisting conditions are prohibited—will completely destroy the individual market for health insurance. He also discusses the risks, mandates, and fines associated with the new health care legislation, as well as the potential for a resurgence of the public option.
Consumers' perceptions of health remedies play a part in which treatments they seek out: Western Medicine or Traditional Chinese Medicine? Smeal's Lisa Bolton uses lay theories of medicine to explain why consumers choose one remedy over another and what consequences that has for a healthy lifestyle.
In this three part video series, Keith Crocker, the William Elliott Chaired Professor of Insurance and Risk Management at Penn State's Smeal College of Business, explains various issues and concepts surrounding the current health care debate, including health savings accounts, Medicare Advantage Plans, private insurers, the public option, other ways of reform, and the degeneration of the health care debate.
With President Obama pledging to reform the U.S. health care system this year, Smeal’s Keith Crocker, William Elliott Chaired Professor of Insurance and Risk Management, answers some questions about the current system, examines reform options, and looks at the president’s plan from an economist’s perspective.
Keith Crocker’s current research concerns the impact of higher insurance deductibles on consumption of health care services.