The value of coverage in the medicare advantage insurance market

Journal of Health Economics

Volumn 29, Issue 6, 2010, Pages 839-855

  Dunn, Abe ^a  

^a Bureau of Economic Analysis   (United States)

Author keywords

Consumer surplus; Demand; Health insurance; Medicare advantage

Indexed keywords

HEALTH CARE; HEALTH INSURANCE; HEALTH SERVICES; HEALTH STATUS; INSURANCE INDUSTRY;

ARTICLE; CONSUMER; COST BENEFIT ANALYSIS; HEALTH CARE COST; HEALTH CARE POLICY; HEALTH CARE UTILIZATION; HEALTH INSURANCE; HEALTH SERVICE; MARKETING; MEDICARE;

AGED; CHOICE BEHAVIOR; FINANCING, PERSONAL; HEALTH CARE SECTOR; HEALTH SERVICES NEEDS AND DEMAND; HUMANS; INSURANCE BENEFITS; INSURANCE COVERAGE; MEDICARE PART C; UNITED STATES;

EID: 77958193584     PISSN: 01676296     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jhealeco.2010.08.005     Document Type: Article

References (41)

1. AARP Data Digest Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003 2004, AARP.
2. Abraham J., Vogt W., Gaynor M. How Do Households Choose Their Employer-Based Health Insurance. Inquiry 2007, 43:315-332.
3. Abraham J., Aurora A., Gaynor M., Wholey D. Enter at your own risk: HMO participation and enrollment in the Medicare Risk Market. Economic Inquiry 2000, 38:385-401.
4. Ackerberg D., Rysman M. Unobserved product differentiation in discrete-choice models: estimating price elasticities and welfare effects. Rand Journal of Economics 2005, 36:771-788.
5. Atherly A., Dowd B., Feldman R. The effect of benefits, premiums, and health risk on health plan choice in the medicare program. HSR: Health Services Research 2003, 39(4):847-864.
6. Atherly, A., Thorpe, K., 2005. Value of Medicare Advantage to Low-Income and Minority Medicare Beneficiaries. Prepared for the Blue Cross and Blue Shield Association.
7. Beaulieu N. Quality information and consumer health plan choice. Journal of Health Economics 2002, 21:43-63.
8. Berry S. Estimating discrete-choice models of product differentiation. Rand Journal of Economics 1994, 25:242-262.
9. Center for Medicare and Medicaid Services (CMS), 2007. CY 2007 Medicare Options Compare Cohort Selection and Out-of-Pocket Cost Estimates Methodology. Fu Associates Ltd.
10. Chernew M., Gowriskankaran G., McLaughlin C., Gibson T. Quality and employers' choice of health plans. Journal of Health Economics 2004, 23:471-492.
11. Chernew M.E., DeCicca P., Town R. Managed care and medical expenditures of medicare beneficiaries. Journal of Health Economics 2008, 27(6):1451-1461.
12. Dafny L., Dranove D. Do report cards tell consumers anything they don't already know? The case of medicare HMOs. Rand Journal of Economics 2008, 39(3):790-821.
13. Dranove D., White W. Specialization, Option Demand, and the Pricing of Medical Specialists. Journal of Economics and Management Strategy 1996, 5(2):277-306.
14. Desmond, K., Rice, T., Cubanski, J., Neuman, P., 2007. The Burden of Out-of-Pocket Health Spending Among Older Versus Younger Adults: Analysis from the Consumer Expenditure Survey, 1998-2003. Kaiser Family Foundation, Issue Brief, September.
15. Fisher E., Bynum J., Skinner J.S. Slowing the growth of health care costs - lessons from regional variation. The New England Journal of Medicine 2009, 360:849-852.
16. Gaynor M., Vogt W. Competition among hospitals. Rand Journal of Economics 2003, 34:764-785.
17. GAO, 2007. Medicare Advantage: Required Audits of Limited Value. GAO Report to Congressional Committees, July, GAO-07-945.
18. Gold, M., Peterson, S., 2006. Analysis of the Characteristics of Medicare Advantage Plan Participation. Mathematica Policy Research, Final Report.
19. Griliches Z., Hausman J. Errors in variables in panel data. Journal of Econometrics 1986, 31(1):93-118.
20. Hall A. The Value of Medicare Managed Care Plans and Their Prescription Drug Benefits. Finance and Economics Discussion Series 2007, Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C.
21. Hausman J. Valuation of new goods under perfect and imperfect competition. The Economics of New Goods, NBER Studies in Income and Wealth, vol. 58 1997, University of Chicago Press. T.F. Bresnahan, R.J. Gordon (Eds.).
22. Ho K. The surplus effects of restricted hospital choice in the US Medical Care Market. Journal of Applied Econometrics 2006, 21(7):1039-1079.
23. Ho K. Insurer-provider networks in the medical care market. American Economic Review 2009, 99(1):393-430.
24. Jin G., Sorensen A. Information and consumer choice: the value of publicized health plan ratings. Journal of Health Economics 2006, 25:248-275.
25. Lustig, J., 2008. The surplus Effects of Adverse Selection in Privatized Medicare. Working Paper.
26. McFadden D. Econometric models of probabilistic choice. Structural Analysis of Discrete Data with Econometric Applications 1983, MIT Press, Cambridge, Massachusetts. C.F. Manski, D. McFadden (Eds.).
27. Medpac, 2004. Medicare+Choice Payment and Eligibility Policy. Report to the Congress: Medicare Payment Policy, Chapter 4, March.
28. MedPac, 2007. Update on Medicare Private Plans. Report to the Congress: Medicare Payment Policy, Chapter 4, March.
29. MedPac, 2008. Update on the Medicare Advantage Program. Report to the Congress: Medicare Payment Policy, Chapter 3, March.
30. Newhouse J.P. Free for All? Lessons from the RAND Health Insurance Experiment 1993, Harvard University Press, Cambridge, MA, ISBN 0-674-31846-3.
31. Nevo A. Measuring market-power in the ready-to-eat cereal industry. Econometrica 2001, 69:307-342.
32. Olivella P., Vera-Hernandez M. Competition among differentiated health plans under adverse selection. Journal of Health Economics 2007, 26:233-250.
33. Rothschild M., Stiglitz J. Equilibrium in competitive insurance markets: an essay on the economics of imperfect information. Quarterly Journal of Economics 1976, 90:629-649.
34. Sorenson A. Insurer-hospital bargaining: negotiated discounts in post-deregulation Connecticut. Journal of Industrial Organization 2003, 51(4):469-490.
35. Sorenson A. Social learning and health plan choice. RAND Journal of Economics 2006, 37(4).
36. Strombom B.A., Buchmueller T.C., Feldstein P. Switching costs, price sensitivity and health plan choice. Journal of Health Economics 2002, 21:89-116.
37. Town R. The surplus impact of HMO mergers. Journal of Health Economics 2001, 20:967-990.
38. Town R., Liu S. The surplus impact of medicare HMOs. Rand Journal of Economics 2003, 34(4):719-736.
39. Vaithianathan R. Health insurance and imperfect competition in the health care market. Journal of Health Economics 2006, 25:1193-1202.
40. Wedig G.J., Tai-Seale M. The effect of report cards on consumer choice in the health insurance market. Journal of Health Economics 2002, 21:1031-1048.
41. Weissman J., Epstein A. Falling Through the Safety Net: Insurance and Access to Medical Care 1994, Johns Hopkins University Press, Baltimore, MD.