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This paper provides empirical evidence of Medicaid crowd out of demand for private long-term care insurance. Using data on the near- and young-elderly in the Health and Retirement Survey, our central estimate suggests that a $10,000 decrease in the level of assets an individual can keep while...
Persistent link: https://www.econbiz.de/10012760636
This paper provides empirical evidence of Medicaid crowd out of demand for private long-term care insurance. Using data on the near- and young-elderly in the Health and Retirement Survey, our central estimate suggests that a $10,000 decrease in the level of assets an individual can keep while...
Persistent link: https://www.econbiz.de/10012466131
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agents have private information on their true risk type. If the regulation is not too stringent, the equilibrium is … regulation is not too stringent, the equilibrium is separating in which a single insurer monopolizes the high risks while the …
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