The Fund supports networks of state health policy decision makers to help identify, inspire, and inform policy leaders.
The Milbank Memorial Fund supports two state leadership programs for legislative and executive branch state government officials committed to improving population health.
The Fund identifies and shares policy ideas and analysis to advance state health leadership, strong primary care, and sustainable health care costs.
Keep up with news and updates from the Milbank Memorial Fund. And read the latest blogs from our thought leaders, including Fund President Christopher F. Koller.
The Fund publishes The Milbank Quarterly, as well as reports, issues briefs, and case studies on topics important to health policy leaders.
The Milbank Memorial Fund is is a foundation that works to improve population health and health equity.
June 1987 (Volume 65)
Quarterly Article
Uwe E. Reinhardt
March 2024
Mar 11, 2024
Feb 27, 2024
Back to The Milbank Quarterly
The allocation of health care resources—the exchange of favors between providers of health services and their patients—can never be determined in a perfectly competitive market. Two distinct transfers are involved: one enhances the health status of patients; the other enhances the economic status of providers. At any given level of national expenditure it is unlikely that both real and monetary benefits will be maximized. More optimal allocations, which are efficient and just, will be arbitrated through administrative decree and political judgment in quasi markets.
Author(s): Uwe E. Reinhardt
Download the Article
Read on JSTOR
Volume 65, Issue 2 (pages 153–176) Published in 1987
