Insurance Economist Gets MacArthur 'Genius Grant'

The foundation notes, for example, that Finkelstein has shown that well-intentioned health benefits programs can have unintended consequences.

For life insurance, health insurance and annuity professionals, Finkelstein is known for writing and co-writing dozens of papers on the kinds of products and problems that financial professionals see in the office every day.

In 2002, for example, Finkelstein helped write an article about how adverse selection affected the annuity market in the United Kingdom. She showed that the life expectancy of purchasers who could choose whether to buy annuities was much higher than the U.K. average, and that the life expectancy of purchasers who were required to buy annuities, by a government mandate, was somewhat higher than the U.K. average.

In 2007, she got attention from people in the long-term care insurance community with a paper with the title, "Why is the Market for Long-Term Care Insurance So Small?"

In a recent paper, Finkelstein and colleagues looked at the successes, and failures, of Medicare hospital services payment reform efforts.

— Read Amy Finkelstein's Deep Dive Into Annuities & Insurance, on ThinkAdvisor.

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