Key traits of Bismarck health care systems Universal insurance Community rating Insurance is financed through taxes(based on income), not premiums(based on health status) This means the rich and healthy subsidize the poor and sick The insurance system operates under managed competition-to be discussed later Regulated,private health care provision Bhattacharya,Hyde and Tu-HealthEconomicsBhattacharya, Hyde and Tu – Health Economics Key traits of Bismarck health care systems  Universal insurance  Community rating  Insurance is financed through taxes (based on income), not premiums (based on health status)  This means the rich and healthy subsidize the poor and sick  The insurance system operates under managed competition – to be discussed later  Regulated, private health care provision