Replication data for: The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market
Principal Investigator(s): View help for Principal Investigator(s) Jeffrey R. Brown; Amy Finkelstein
Version: View help for Version V1
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20050525_ReadMe.pdf | application/pdf | 12.2 KB | 10/12/2019 04:21:AM |
20050525_data_HCexp0fi65.out | text/plain | 1.3 KB | 10/12/2019 04:21:AM |
20050525_data_HCexp0mi65.out | text/plain | 1.2 KB | 10/12/2019 04:21:AM |
20050525_data_HCexp1fi65.out | text/plain | 1.3 KB | 10/12/2019 04:21:AM |
20050525_data_HCexp1mi65.out | text/plain | 1.2 KB | 10/12/2019 04:21:AM |
20050525_data_tranfi65.out | text/plain | 14.6 KB | 10/12/2019 04:21:AM |
20050525_data_tranmi65.out | text/plain | 14.2 KB | 10/12/2019 04:21:AM |
20050525_main_gauss_procedure.g.g | text/plain | 35.9 KB | 10/12/2019 04:21:AM |
20050525_main_gauss_procedure.pdf | application/pdf | 48.7 KB | 10/12/2019 04:21:AM |
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 04:21:AM |
Project Citation:
Brown, Jeffrey R., and Finkelstein, Amy. Replication data for: The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113242V1
Project Description
Summary:
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We show that even incomplete public insurance can crowd out private insurance demand. We estimate that Medicaid could explain the lack of private long-term care insurance for about two-thirds of the wealth distribution, even if no other factors limited the market's size. Yet Medicaid provides incomplete consumption smoothing for most individuals. Medicaid's crowd-out effect stems from the large implicit tax (about 60-75 percent for a median-wealth individual) that Medicaid imposes on private insurance. An implication is that public policies designed to stimulate the private insurance market will have limited efficacy as long as Medicaid's large implicit tax remains.
Scope of Project
JEL Classification:
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G22 Insurance; Insurance Companies; Actuarial Studies
I18 Health: Government Policy; Regulation; Public Health
I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
G22 Insurance; Insurance Companies; Actuarial Studies
I18 Health: Government Policy; Regulation; Public Health
I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
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