Information technology and information asymmetry: The future of private individual health insurance

Eric K. Clemons; Matt E. Thatcher; Barry Blecherman; David Croson

doi:10.1109/HICSS.1997.661602

Information technology and information asymmetry: The future of private individual health insurance

Eric K. Clemons, Matt E. Thatcher, Barry Blecherman, David Croson

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

1 Scopus citations

Abstract

The amount of available information, and the statistical ability to find patterns in it fundamentally alter risk pooling. This threatens to alter the structure of the insurance industry, and potentially to destroy insurability, as we will see. While too much information destroys risk pooling and rating, too little information, or one party with far more information than the other, likewise can destroy the structure of the industry. The regulatory implications, not yet understood, will be profound.

Original language	English (US)
Title of host publication	Information Systems - Organizational Systems and Technology
Publisher	IEEE Comp Soc
Pages	240-248
Number of pages	9
Volume	3
ISBN (Print)	0818677430
DOIs	https://doi.org/10.1109/HICSS.1997.661602
State	Published - 1997
Externally published	Yes
Event	The 1997 30th Annual Hawaii International Conference on System Sciences, HICSS-30 - Wailea, HI, USA Duration: Jan 7 1997 → Jan 10 1997

Conference

Conference	The 1997 30th Annual Hawaii International Conference on System Sciences, HICSS-30
City	Wailea, HI, USA
Period	1/7/97 → 1/10/97

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Clemons, EK, Thatcher, ME, Blecherman, B & Croson, D 1997, Information technology and information asymmetry: The future of private individual health insurance. in Information Systems - Organizational Systems and Technology. vol. 3, IEEE Comp Soc, pp. 240-248, The 1997 30th Annual Hawaii International Conference on System Sciences, HICSS-30, Wailea, HI, USA, 1/7/97. https://doi.org/10.1109/HICSS.1997.661602

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AB - The amount of available information, and the statistical ability to find patterns in it fundamentally alter risk pooling. This threatens to alter the structure of the insurance industry, and potentially to destroy insurability, as we will see. While too much information destroys risk pooling and rating, too little information, or one party with far more information than the other, likewise can destroy the structure of the industry. The regulatory implications, not yet understood, will be profound.

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ER -

Information technology and information asymmetry: The future of private individual health insurance

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