Die Arbeitsteilung zwischen privater und sozialer Krankenversicherung aus ökonomischer Sicht

This contribution emphasizes adverse selection as the economists’ favored explanation of the preponderance of social insurance (SV) over private insurance (PV) since adverse selection creates an efficiency advantage of SV. However, the article also cites the limited ability of SV to effectively deal with moral hazard effects as an efficiency downside of SV. Moreover, three challenges are emerging that could well favor PV (and in particular, private health insurance PKV) rather than SV (and in particular, social health insurance GKV) – subject to the crucial condition that the PKV industry invest in product innovation.