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We study optimal risk adjustment in imperfectly competitive health insurance markets when high-risk consumers are less likely to switch insurer than low-risk consumers. First, we find that insurers still have an incentive to select even if risk adjustment perfectly corrects for cost differences...
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related issues, including (i) age-based pricing regulation (ii) exchange participation if the individual mandate is …
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quantitative estimates of the consequences of government regulation. We estimate the impact of restricting gender-based pricing in …
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. Overall, our results suggest that the effect of regulation is to produce a slight increase in the proportion uninsured, as … regulations produce only small changes in risk pooling because the extent of pooling in the absence of regulation is substantial …
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rate regulation purposes. This requirement may imply the need for estimating or evaluating the variable importance when … complicated models are used. Furthermore, from both rate-making and rate-regulation perspectives, it is critical to investigate … applications in auto insurance rate regulation. This study focuses on analyzing major risks only, but the proposed method can be …
Persistent link: https://www.econbiz.de/10012598958
In this article, we analyze the demand factors that affected the UK insurance companies. The demand for financial services and new insurance products has documented fundamental changes in recent years that can be attributed to three major factors. First, demographic changes have created...
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