Presentations and events
CAFE holds a number of research presentations each month as well as conferences and workshops.
Inputting the Social Value of Public Healthcare: a General Equilibrium Simulation of Israel
Wednesday 11 December, 1:30pm - 3:00pm
Curzon Building, C420
Countries with universal healthcare have experienced a rising demand for healthcare services without a corresponding rise in public supply. This has led to a debate on whether to increase private healthcare services - especially in hospitals and second-tier healthcare.
Proponents for increasing private healthcare highlight gains in efficiency and innovation, while opponents emphasise its risk to social welfare. However, the monetary value of these gains and losses is seldom quantified. The aim of this paper is to impute the minimum social value of public healthcare that corresponds to indifference between gains in economic efficiency with losses to social welfare. To do this, we develop a general equilibrium model that distinguishes between public-private healthcare services and public-private healthcare financing.