Maestas, Nicole; Schroeder, Mathis; Goldman, Dana P. - RAND - 2006
insurance market known as the ÒMedigapÓ market. Prices for Medigap policies vary widely, despite the fact that regulations … enacted in 1992 standardized all Medigap policies, thereby creating a market with homogenous insurance products. Economic … Medigap policy. They estimate average search costs to be $249, substantially higher than has been found in other markets, but …