Dardanoni, Valentino; Li Donni, Paolo - Istituto Einaudi per l'Economia e la Finanza (EIEF) - 2012
The Medicare program, which provides insurance coverage to the elderly in the United States, does not protect them fully against high out-of-pocket costs. For this reason private supplementary insurance, named Medigap, has been available to cover Medicare gaps. This paper studies how Medigap...