Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/104438 
Year of Publication: 
2014
Series/Report no.: 
Munich Discussion Paper No. 2014-34
Publisher: 
Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät, München
Abstract: 
We investigate two determinants of the price sensitivity of health plan demand: the size of the choice set and the salience of premium differences. Using variation in both features in the German Social Health Insurance (SHI) and information on health plan switches of retirees in the German Socio Economic Panel, augmented with information on individuals’ choice sets we find that retirees react less to potential savings from switching when they have more plans to choose from and when differences between premiums are less salient. Simplifying choices could save consumers money and improve the functioning of the health insurance market.
Subjects: 
health plan choice
choice architecture
German social health insurance
JEL: 
I11
D12
I18
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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