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http://ssrn.com/abstract=1114670
 
 

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ERISA, Agency Costs, and the Future of Health Care in the United States


John Bronsteen


Loyola University Chicago School of Law

Brendan S. Maher


University of Connecticut School of Law

Peter K. Stris


Whittier Law School; Stris & Maher LLP


Fordham Law Review, Vol. 76, p. 2297, 2008

Abstract:     
Because so many Americans receive health insurance through their employers, the Employee Retirement Income Security Act of 1974 (ERISA) plays a dominant role in the delivery of healthcare in the United States. The ERISA system enables employers and insurers to save money by providing inadequate healthcare to employees, thereby creating incentives for these agents to act contrary to the interests of their principals. Such agency costs play a significant role in the current healthcare crisis and require attention when considering reform. We evaluate the two major healthcare reform movements by exploring the extent to which each reduces agency costs. We find that agency cost analysis clarifies the benefits, limits, and uncertainties of each approach.

Number of Pages in PDF File: 36

Keywords: ERISA, agency costs

JEL Classification: K19

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Date posted: March 31, 2008 ; Last revised: August 17, 2010

Suggested Citation

Bronsteen, John and Maher, Brendan S. and Stris, Peter K., ERISA, Agency Costs, and the Future of Health Care in the United States. Fordham Law Review, Vol. 76, p. 2297, 2008. Available at SSRN: http://ssrn.com/abstract=1114670

Contact Information

John Bronsteen (Contact Author)
Loyola University Chicago School of Law ( email )
Chicago, IL 60611
United States
312-654-1511 (Phone)
312-915-7201 (Fax)
HOME PAGE: http://www.luc.edu/law/faculty/bronsteen.shtml

Brendan S. Maher
University of Connecticut School of Law ( email )
65 Elizabeth Street
Hartford, CT 06105
United States
HOME PAGE: http://www.law.uconn.edu/faculty/profiles/brendan-s-maher
Peter K. Stris
Whittier Law School ( email )
3333 Harbor Blvd.
Costa Mesa, CA 92626
United States
Stris & Maher LLP ( email )
1920 Abrams Parkway, #430
Dallas, TX 75214
United States
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