Adverse Selection and an Individual Mandate: When Theory Meets Practice
نویسندگان
چکیده
منابع مشابه
Adverse Selection and an Individual Mandate: When Theory Meets Practice.
We develop a model of selection that incorporates a key element of recent health reforms: an individual mandate. Using data from Massachusetts, we estimate the parameters of the model. In the individual market for health insurance, we find that premiums and average costs decreased significantly in response to the individual mandate. We find an annual welfare gain of 4.1% per person or $51.1 mil...
متن کاملADVERSE SELECTION AND AN INDIVIDUAL MANDATE: WHEN THEORY MEETS PRACTICE By
We develop a model of selection that incorporates a key element of recent health reforms: an individual mandate. We identify a set of key parameters for welfare analysis, allowing us to model the welfare impact of the actual policy as well as to estimate the socially optimal penalty level. Using data from Massachusetts, we estimate the key parameters of the model. We compare health insurance co...
متن کاملNber Working Paper Series Adverse Selection and an Individual Mandate: When Theory Meets Practice
We develop a model of selection that incorporates a key element of recent health reforms: an individual mandate. We identify a set of key parameters for welfare analysis, allowing us to model the welfare impact of the actual policy as well as to estimate the socially optimal penalty level. Using data from Massachusetts, we estimate the key parameters of the model. We compare health insurance co...
متن کاملOnline Appendix to Hackmann, Kolstad, and Kowalski “Adverse Selection and an Individual Mandate: When Theory
Our model addresses selection at the extensive margin and abstracts from intensive margin selection amongst differentiated plan. Our modeling decision follows naturally from the policy intervention, the individual mandate, which affects the demand for health insurance in general. While our framework may not be accurate in other contexts, we think that the modeling assumptions are sensible in th...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2015
ISSN: 0002-8282
DOI: 10.1257/aer.20130758