We study the coverage impacts of a 65-percent health insurance premium subsidy which targeted employer-insured workers … American Recovery and Reinvestment Act (ARRA) COBRA subsidy and contributes to a better understanding of consumer responses to … the subsidy is associated with a substantial increase in own-name employer coverage among the targeted group. We estimate …

of one policy response: linking subsidies to prices, to target a given post-subsidy premium. We show that these price …

between strategic insurers and the subsidy mechanism. We study this interaction in the context of Medicare's prescription drug … coverage program. We find that the observed mechanism is successful in keeping "raise-the-subsidy" incentives relatively low …, we find that more efficient subsidy mechanisms share three features: they retain the marginal elasticity of demand, limit …