A large literature has analyzed pricing inefficiencies in health insurance markets due to adverse selection, typically assuming informed, active consumers on the demand side of the market. However, recent evidence suggests that many consumers have information frictions that lead to suboptimal...

A large literature has analyzed pricing inefficiencies in health insurance markets due to adverse selection, typically assuming informed, active consumers on the demand side of the market. However, recent evidence suggests that many consumers have information frictions that lead to suboptimal...

During the 2009-2010 health care reform debates, many policy makers presumed that a lack of competition in the U.S health insurance industry has resulted in greater levels of uninsurance. However, such a presumption has no basis in current research. This study, with a panel data set of the 50...