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The nature, and normative properties, of competition in health care markets has long been the subject of much debate …. In particular, policymakers have exhibited a great deal of reservation toward competition in health care markets, as … care markets, concern about reduced competition has arisen. This concern, however, cannot be properly evaluated without a …
Persistent link: https://www.econbiz.de/10012471947
This paper uses data on health insurance choices by employees of Harvard University to examine the effect of alternative pricing rules on market equilibrium. In the mid-1990s, Harvard moved from a system of subsidizing more expensive insurance to a system of contributing an equal amount to each...
Persistent link: https://www.econbiz.de/10012473037
Although the vast majority of Americans have private health insurance, researchers focus almost exclusively on public provision. Data on the private insurance sector is extremely difficult to obtain because health insurance contracts are complex, renegotiated annually, and not subject to...
Persistent link: https://www.econbiz.de/10012464076
competition among health plans for enrollees as well as allowing consumers to enroll in the type of coverage that most closely …. The results are not consistent with the availability of choice leading to lower premiums through greater competition among …
Persistent link: https://www.econbiz.de/10012468696
insurance market), we study the impact of competition on premiums. We exploit variation in ratings-area-level competition …
Persistent link: https://www.econbiz.de/10012458524
The impact of insurer competition on welfare, negotiated provider prices, and premiums in the U.S. private health care … industry is theoretically ambiguous. Reduced competition may increase the premiums charged by insurers and their payments made …
Persistent link: https://www.econbiz.de/10012459260
Health insurance markets in the United States are characterized by imperfect information, complex products, and substantial search frictions. Insurance agents and brokers play a significant role in helping employers navigate these problems. However, little is known about the relation between the...
Persistent link: https://www.econbiz.de/10012459319
Increasingly in U.S. public insurance programs, the state finances and regulates competing, capitated private health plans but does not itself directly insure beneficiaries through a public fee-for-service (FFS) plan. We develop a simple model of risk-selection in such settings. Capitation...
Persistent link: https://www.econbiz.de/10012459465
of the individual insurance market, the Marketplaces invoke many of the principles of regulated competition including … the tools of regulated competition. We then discuss ways in which the Marketplace model deviates from the more …
Persistent link: https://www.econbiz.de/10012455237
Health insurers increasingly compete on their covered networks of medical providers. Using data from Massachusetts' pioneer insurance exchange, I find substantial adverse selection against plans covering the most prestigious and expensive "star" hospitals. I highlight a theoretically distinct...
Persistent link: https://www.econbiz.de/10012456079