CONTROLLING AMERICA HEALTH-CARE COSTS VIA HEALTH-CARE FUTURES

This article examines the new health care futures contract to be released by the Chicago Board of Trade sometime during calendar year 1995. Health care futures-futures contracts on health cave insurance-represent a new class of financial products never before available to financial practitioners. The innovation allows health care underwriters to effectively freeze their health care costs. Besides helping to control a cost that currently consumes one seventh of our national income, health care futures also allow underwriters to plan far more effectively.