Health insurance plans increasingly pay for expenses only beyond a large annual deductible. This paper explores the … implications of deductibles that reset over shorter timespans. We develop a model of insurance demand between two actuarially … equivalent deductible policies, in which one deductible is larger and resets annually and the other deductible is smaller and …

measure of underinsurance will underestimate the number with low levels of insurance coverage due to moral hazard. We propose … small- versus large-firm workers with full-year, employer-sponsored insurance. Using data from the 2005 Medical Expenditure …

This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no … 1970-1998, a period in which many states adopted compulsory insurance regulations and/or no-fault laws. Using an … instrumental variables approach, we find evidence that automobile insurance has moral hazard costs, leading to an increase in …

State guaranty funds are quasi-governmental agencies that provide insurance to policyholders against the risk of … insurance company failure. But insurance provided by guaranty funds, like all insurance, creates moral hazard problems … insurance companies to borrow money (i.e., from policyholders). Moreover, the existence of guaranty fund insurance enables …

Across a wide set of non-group insurance markets, applicants are rejected based on observable, often high …, disability, and life insurance. Consistent with the predictions of the theory, in all three settings I find significant amounts … be rejected relative to those who can purchase insurance; and I show it is enough private information to explain a …

-sharing also affects spending growth. From 2002 to 2016, private insurance deductibles more than tripled in magnitude. We use data … this relationship with regard to both private insurance benefits and total spending (including Medicare and Medicaid …

spending growth. Recent literature has shown that high deductible health plans (HDHP) can have an immediate impact on levels of … four years compared to lower deductible alternatives; and (ii) explore the mechanisms behind any reductions in growth by …