Controlling America's health care costs via health care futures.
This article examines the new health care futures contract to be released by the Chicago Board of Trade sometime during calendar year 1995. Health care futures--futures contracts on health care insurance--represent a new class of financial products never before available to financial practitioners. The innovation allows health care underwriters to effectively freeze their health care costs. Besides helping to control a cost that currently consumes one seventh of our national income, health care futures also allow underwriters to plan far more effectively.
Ray
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University of Louisville, KY, USA.
D000206:Actuarial Analysis / Q000191:economics; D003363:Cost Control / Q000379:methods; D005544:Forecasting; D017048:Health Care Costs; D018166:Health Care Reform / Q000191:economics*; D007348:Insurance, Health / Q000639:trends*; D007449:Investments / Q000191:economics*; D018803:Models, Economic; D009936:Organizational Innovation; D014481:United States