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Improving the Quality of Choices in Health Insurance Markets

Abaluck, Jason - 2016

Insurance product choice is a central feature of health insurance markets in the United States, yet there is ongoing concern over whether consumers choose appropriately in such markets – and little evidence on solutions to any choice inconsistencies. This paper addresses these omissions from...

Persistent link: https://www.econbiz.de/10012977629

Insurers' Response to Selection Risk : Evidence from Medicare Enrollment Reforms

Decarolis, Francesco - 2016

Evidence on insurers' behavior in environments with both risk selection and market power is largely missing. We fill … changes in selection. Our strategy exploits a 2012 reform allowing Medicare enrollees to switch to 5-star contracts at anytime …. This policy increased enrollment into 5-star contracts, but without risk selection worsening. Our findings show that this …

Persistent link: https://www.econbiz.de/10012978105

Should There Be Vertical Choice in Health Insurance Markets?

Marone, Victoria; Sabety, Adrienne - 2023

We study the welfare effects of offering choice over coverage levels—“vertical choice”—in regulated health insurance markets. We emphasize that heterogeneity in the efficient level of coverage is not sufficient to motivate choice. When premiums do not reflect individuals' costs, it may...

Persistent link: https://www.econbiz.de/10014260854