Carve-Outs and Contractual Procedure

Mental health carve-outs: effects and implications.

To control the rise in expenditures and to increase access to mental health and substance abuse (MH/SA) services, a growing number of employers and states are implementing a "carve-out." Under this arrangement, the sponsor separates insurance benefits by disease or condition, service category, or population and contracts separately for the management of care and/or associated risks. A carve-out...

Economic aspects of mental health carve-outs.

BACKGROUND: Recent empirical research has found behavioral health carve-outs in the US to reduce costs immediately and considerably, compared to indemnity insurance and HMOs. Carve-outs have quickly captured a large part of the organized market in US behavioral health. At the same time, market concentration has increased significantly. METHODS: The current paper uses concepts and results from t...

Introduction [to Carve-Outs in Workers' Compensation

“ Carve - Outs ” from the Workers ’ Compensation System / 467 David I .

Journal of Policy Analysis and Management, Vol. 21, No. 3, 467–483 (2002) © 2002 by the Association for Public Policy Analysis and Management Published by Wiley Periodicals, Inc. Published online in Wiley InterScience (www.interscience.wiley.com) DOI: 10.1002/pam.10055 Manuscript received November 2000; revise and resubmit recommended January 2001; second revision April 2001; accepted January 2...

The Choice of Going Pubiic; Spin-offs vs. Carve-outs

Roni Michaely is Assistant Professor of Finance at the Johnson Graduate School of Management, Cornell University, Ithaca, NY. Wayne H. Shaw is Professor of Accounting at the University of Colorado at Boulder, Boulder, CO. This study analyzes how firms choose between a spin-off and an equity carve-out as a way to divest assets. Using a sample of 91 master limited partnerships that were issued to...