Brown, Jason; Duggan, Mark; Kuziemko, Ilyana; Woolston, … - In: American Economic Review 104 (2014) 10, pp. 3335-64
To combat adverse selection, governments increasingly base payments to health plans and providers on enrollees' scores from risk-adjustment formulae. In 2004, Medicare began to risk-adjust capitation payments to private Medicare Advantage (MA) plans to reduce selection-driven overpayments. But...