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Consumers' health plan choices are highly persistent even though optimal plans change over time. This paper separates two sources of inertia, inattention to plan choice and switching costs. We develop a panel data model with separate attention and choice stages, linked by heterogeneity in...
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deductible, while in the second firm pharmaceuticals were exempt. Employees in the first firm shifted the timing of drug …
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deductible, while in the second firm pharmaceuticals were exempt. Employees in the first firm shifted the timing of drug …
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