Collecting Surgical Copayments and Deductibles

Evaluating Rationality in Responses to Health Insurance Cost-Sharing: Comparing Deductibles and Copayments

Many studies find that consumers reduce spending in response to higher health insurance cost-sharing, but there is mixed evidence as to whether these spending reductions reflect a rational trade-off between health benefits and costs. This paper provides new evidence on the rationality of consumer responses to cost-sharing using novel variation in two common types of cost-sharing incentives: ded...

Real-time adjudication: collecting copayments and balances before the patient sees the doctor.

Doctors need to become better businesspeople, which means making sure that they collect all the monies that they deserve for all the services they provide to their patients. One method to achieve this is to use real-time adjudication. This article will describe real-time adjudication and how it can improve your collections by 7% to 10%.

Workers’ Compensation Deductibles and Employers’ Costs

The profitability of workers’ compensation insurance has improved dramatically over the past few years. At the same time the use of large insurance deductibles has been on the rise across the country. This is one of the first studies to empirically test whether deductibles are associated with changes in employer workers’ compensation costs, and hence, may be responsible for at least some of the...

Catastrophe Insurance and the Demand for Deductibles

Optimal Allocation of Policy Limits and Deductibles

In this paper, we study the problems of optimal allocation of policy limits and deductibles. Several objective functions are considered: maximizing the expected utility of wealth assuming the losses are independent, minimizing the expected total retained loss, and maximizing the expected utility of wealth when the dependence structure is unknown. Orderings of the optimal allocations are obtained.