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Why do private insurers closely link their physician payment rates to the Medicare fee schedule despite its well-known limitations? We ask to what extent this relationship reflects the use of Medicare's relative price menu as a benchmark, in order to reduce transaction costs in a complex pricing...
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Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit moral hazard. However, in the absence of moral hazard, voluntarily chosen deductibles may instead lead to self-selection into different insurance contracts. We use a set of new...
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Some countries allow physicians to balance bill patients, that is, to bill a fee above the one that is negotiated with …, and reimbursed by the health authorities. Balance billing is known for restricting access to physicians' services while … physicians' services. It also shows that supplemental insurance against the expenses associated with balance billing, rather than …
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