A positive correlation between insurance coverage and ex post risk can be an indicator for private information in … insurance markets. However, this test fails if agents have heterogeneous risk attitudes. We propose a new test that conditions … technique to the market for long-term care insurance. Finkelstein and McGarry (2006) provide direct evidence for the existence …

We examine whether and to what extent consolidation in the U.S. health insurance industry is leading to higher employer …-sponsored insurance premiums. We make use of a proprietary, panel dataset of employer-sponsored healthplans enrolling over 10 million …. We exploit the differential impact of a large national merger of two insurance firms across local markets to estimate the …

We show how standard consumer and producer theory can be used to estimate welfare in insurance markets with selection … straightforward. We illustrate our approach by applying it to the employee health insurance choices at Alcoa, Inc. We detect adverse …

Revealed-preference measures of willingness to pay (WTP) capture the value of insurance only against the risk that … remains when choosing insurance. This paper provides a method to translate observed market WTP and cost curves into an ex …-ante value of insurance that can analyze the impact of insurance market policies on ex-ante expected utility. The key additional …

A major provision of the Affordable Care Act was the creation of Health Insurance Marketplaces, which began operating …

in their willingness-to-pay for insurance conditional on the insured losses they generate. Using administrative claims … and older consumers and men and women reveal strikingly different demand for health insurance, conditional on their … efficiently across insurance contracts. The theoretical and empirical analysis highlights a fundamental tradeoff between equity …

calibrated model of employer-sponsored health insurance, we show that the risk adjustment commonly used by employers to offset …

First-year insurer participation in the Health Insurance Marketplaces (HIMs) established by the Affordable Care Act is … insurance market), we study the impact of competition on premiums. We exploit variation in ratings-area-level competition … participated. If all insurers active in each state's individual insurance market in 2011 had participated in all ratings areas in …