Optimal health insurance for multiple goods and time periods

Journal of Health Economics

Volumn 41, Issue , 2015, Pages 89-106

  Ellis, Randall P ^a   Jiang, Shenyi ^b   Manning, Willard G ^c  

^a USA   (United States)

^b CENTRAL UNIVERSITY OF FINANCE AND ECONOMICS   (China)

^c UNIVERSITY OF CHICAGO   (United States)

Author keywords

Complements and substitutes; Dynamic models; Health insurance; Optimal cost sharing; Risk aversion

Indexed keywords

HEALTH CARE; HEALTH INSURANCE; HEALTH SERVICES; MODELING; OPTIMIZATION; RISK ASSESSMENT;

ARTICLE; COST CONTROL; EMERGENCY CARE; EMPLOYMENT; HEALTH CARE COST; HEALTH CARE NEED; HEALTH CARE PERSONNEL; HEALTH HAZARD; HEALTH INSURANCE; HOSPITAL CARE; LONG TERM CARE; MATHEMATICAL MODEL; OUTPATIENT CARE; RISK MANAGEMENT; SYSTEMATIC REVIEW; COST; HEALTH SERVICE; HIGH RISK BEHAVIOR; HUMAN; INSURANCE; STANDARDS; STATISTICAL MODEL; THEORETICAL MODEL;

COST SHARING; HEALTH SERVICES NEEDS AND DEMAND; HUMANS; INSURANCE COVERAGE; INSURANCE, HEALTH; MODELS, STATISTICAL; MODELS, THEORETICAL; RISK-TAKING;

EID: 84923637726     PISSN: 01676296     EISSN: 18791646     Source Type: Journal    
DOI: 10.1016/j.jhealeco.2015.01.007     Document Type: Article

References (46)

1. Atim C. Social movements and health insurance: a critical evaluation of voluntary, non-profit insurance schemes with case studies from Ghana and Cameroon. Social Science & Medicine 1999, 48:881-896.
2. Andrulis D.P. Access to care is the centerpiece in the elimination of socioeconomic disparities in health. Annals of Internal Medicine 1998, 129:412-416.
3. Arrow K.J. Uncertainty and the welfare economics of medical care. American Economic Review 1963, 53:941-973.
4. Baicker K., Finkelstein A. The effects of Medicaid coverage - learning from the Oregon experiment. New England Journal of Medicine 2011, 365:683-685.
5. Blomqvist A. Optimal non-linear health insurance. Journal of Health Economics 1997, 16:303-321.
6. Besley T. Optimal reimbursement health insurance and the theory of Ramsey taxation. Journal of Health Economics 1988, 7:321-336.
7. Buchanan J.L., Keeler E.B., Rolph J.E., Holmer M.R. Simulating health expenditures under alternative insurance plans. Management Science 1991, 37:1067-1090.
8. Choudhry N.K., Rosenthal M.B., Milstein A. Assessing the evidence for value-based insurance design. Health Affairs 2010, 29:1988-1994.
9. Chernew M.E., Newhouse J.P. Health care spending growth. Handbook of Health Economics 2012, vol. 2:1-1126. North-Holland, Amsterdam.
10. Coate S. Altruism, the Samaritan's dilemma, and government transfer policy. American Economic Review 1995, 85:46-57.
11. Cutler D.M., Zeckhauser R.J. The anatomy of health insurance. Handbook of Health Economics 2000, vol. 1:563-643. North Holland, Amsterdam.
12. Dardanoni V., Wagstaff A. Uncertainty and the demand for medical care. Journal of Health Economics 1990, 9:23-38.
13. Doherty N.A., Schlesinger H. Optimal insurance in incomplete markets. Journal of Political Economy 1983, 91(6):1045-1054.
14. Doherty N.A., Thistle P.D. Adverse selection with endogenous information in insurance markets. Journal of Public Economics 1996, 63:83-102.
15. Duggan M. Does contracting out increase the efficiency of government programs? Evidence from Medicaid HMOs. Quarterly Journal of Economics 2004, 2549-2572.
16. Ellis R.P., Jiang S., Kuo T. Does service-level spending show evidence of selection across health plan types?. Applied Economics 2013, 45. 1801-1712.
17. Ellis R.P., Manning W.G. Optimal health insurance for prevention and treatment. Journal of Health Economics 2007, 26:1128-1150.
18. Feldstein M. The welfare loss of excess health insurance. Journal of Political Economy 1973, 81(2 Part I):251-280.
19. Feldstein M., Friedman B. Tax subsidies, the rational demand for health insurance, and the health care crisis. Journal of Public Economics 1977, 7:155-178.
20. Feldman R., Dowd B. A new estimate of the welfare loss of excess health insurance. American Economic Review 1991, 81:297-301.
21. Feldman R., Manning W.G. Une Formule Simple du Taux Optimale pour Une Police D-Assurance Maladie. Economie de la Sante: Trajectoires du Futur, InseeMethodes 1997, vols. 64 and 65:133-144. French National Ministry of Health.
22. Fendrick A.M., Smith D.G., Chernew M.E., Shah S.N. A benefit-based copay for prescription drugs: patient contribution based on total benefits, not drug acquisition cost. American Journal of Managed Care 2001, 7:861.
23. Goddeeris J.H. Medical insurance, technological change, and welfare. Economic Enquiry 1984, 22:56-67.
24. Goldman D., Philipson T.J. Integrated insurance design in the presence of multiple medical technologies. American Economic Review 2007, 97:427-432.
25. Gollier C. To insure or not to insure? An insurance puzzle. The Geneva Papers on Risks and Insurance Theory 2003, 28:5-24.
26. Gravelle H., Rees R. Microeconomics 2004, Prentice Hall, Harlow, England. 3rd ed.
27. Hall R.E., Jones C.I. The value of life and the rise in health spending. Quarterly Journal of Economics 2007, 122:39-72.
28. Hofmann A. Internalizing externalities of loss prevention through insurance monopoly: an analysis of interdependent risks. The Geneva Risk and Insurance Review 2007, 32:91-111.
29. Lichtenberg F. The effects of Medicare on health care utilization and outcomes. Frontiers in Health Policy Research 2002, vol. 5. MIT Press.
30. Kunreuther H.C., Pauly M.V., McMorrow S. Insurance and Behavioral Economics 2012, Cambridge University Press, Cambridge.
31. Maarse H., Paulus A. Has solidarity survived? A comparative analysis of the effects of social health insurance reform in four European countries. Journal of Health Politics, Policy and Law 2003, 28:585-614.
32. Manning W.G., Newhouse J.P., Duan N., et al. Health insurance and the demand for medical care: evidence from a randomized experiment. American Economic Review 1987, 77:251-277.
33. Manning W.G., Marquis S.M. Health insurance: the trade-off between risk pooling and moral hazard. Journal of Health Economics 1996, 15:609-639.
34. Marquis S.M., Manning W.G. Lifetime costs and compensation for injuries. Inquiry 1999, 36:244-254.
35. Meyerhoefer C., Zuvekas S. Coverage for mental health treatment: do the gaps still persist?. Journal of Mental Health Policy and Economics 2006, 9(September (3)):155-163.
36. Newhouse J.P., Manning W.G., Morris C.N., et al. Some interim results from a controlled trial of cost sharing in health insurance. New England Journal of Medicine 1981, 305:1501-1507.
37. Newhouse J.P., The Insurance Experiment Group Free-For-All: Health Insurance, Medical Costs, and Health Outcomes: The Results of the Health Insurance Experiment 1993, Harvard University Press, Cambridge.
38. Newhouse J.P. Reconsidering the moral hazard-risk avoidance tradeoff. Journal of Health Economics 2006, 25:1005-1014.
39. Nyman J.A. The economics of moral hazard revisited. Journal of Health Economics 1999, 18:811-824.
40. Pauly M.V. The economics of moral hazard: comment. American Economic Review 1968, 58:531-537.
41. Rask K.N., Rask K.J. Public insurance substituting for private insurance: new evidence regarding public hospitals, uncompensated care funds, and Medicaid. Journal of Health Economics 2000, 19:1-31.
42. Spence M., Zeckhauser R. Insurance, information, and individual action. American Economic Review 1971, 61:380-387.
43. Sin D.D., Svenson L.W., Cowie R.L., Man P.S. Can universal access to health care eliminate health inequities between children of poor and nonpoor families? A case study of childhood asthma in Alberta. Chest 2003, 124:51-56.
44. Wagstaff A. Health Insurance for the Poor: Initial Impacts of Vietnam's Health Care Fund for the Poor. Policy Research Working Paper Series 4134 2007, The World Bank.
45. Zeckhauser R. Medical insurance: a case study of the tradeoff between risk spreading and appropriate incentives. Journal of Economic Theory 1970, 2:10-26.
46. Zweifel P.J., Manning W.G. Consumer incentives in health care. Handbook of Health Economics 2000, vol. 1:409-459. North Holland, Amsterdam.