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来源类型Working Paper
规范类型报告
DOI10.3386/w22277
来源IDWorking Paper 22277
Private Provision of Social Insurance: Drug-specific Price Elasticities and Cost Sharing in Medicare Part D
Liran Einav; Amy Finkelstein; Maria Polyakova
发表日期2016-05-23
出版年2016
语种英语
摘要Standard theory suggests that optimal consumer cost-sharing in health insurance increases with the price elasticity of demand, yet publicly-provided drug coverage typically involves uniform cost-sharing across drugs. We investigate how private drug plans set cost-sharing in the context of Medicare Part D. We document substantial heterogeneity in the price elasticities of demand across more than 150 drugs and across more than 100 therapeutic classes, as well as substantial heterogeneity in the cost-sharing for different drugs within privately-provided plans. We find that private plans set higher consumer cost-sharing for drugs or classes with more elastic demand. Our findings suggest that benefit design may be more efficient in privately rather than publicly provided insurance.
主题Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions ; Public Economics ; National Fiscal Issues ; Health, Education, and Welfare ; Health
URLhttps://www.nber.org/papers/w22277
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/579949
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Liran Einav,Amy Finkelstein,Maria Polyakova. Private Provision of Social Insurance: Drug-specific Price Elasticities and Cost Sharing in Medicare Part D. 2016.
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