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Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh. >

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dc.contributor.authorHeiss, Florianen_US
dc.contributor.authorLeive, Adamen_US
dc.contributor.authorMcFadden, Danielen_US
dc.contributor.authorWinter, Joachimen_US
dc.date.accessioned2012-10-23T07:41:41Z-
dc.date.available2012-10-23T07:41:41Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/65406-
dc.description.abstractWe study the Medicare Part D prescription drug insurance program as a bellwether for designs of private, non-mandatory health insurance markets that control adverse selection and assure adequate access and coverage. The value that Part D or other prescription drug coverage has for an individual crucially depends on her current level and future development of health conditions, prescription drug needs, and life expectancy. We use administrative data on medical claims in Medicare Part D. These data provide us with detailed and reliable information on health conditions, prescription drug use, as well as information on the plan an individual has chosen and out-of-pocket costs. We can also construct the set of plans that were available to an individual when she made her decision, along with all their characteristics, including formularies and co-payment tiers. The data are available for a 20% random sample of the entire Medicare population, so that sample selection is not an issue and rare conditions, which often require expensive treat-ment, can be studied. The focus of this paper is on the ability of consumers to evaluate and opti-mize their choices of plans, an essential ingredient if adequately regulated private health insurance markets are to be successful in allocating health resources efficiently.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburgen_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: Health Insurance and Screening E11-V1en_US
dc.subject.jelI12en_US
dc.subject.jelD81en_US
dc.subject.jelD12en_US
dc.subject.ddc330en_US
dc.titlePlan selection in Medicare Part D: Evidence from administrative dataen_US
dc.typeConference Paperen_US
dc.identifier.ppn730594173-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:vfsc12:65406-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh.

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