Replication data for: The Questionable Value of Having a Choice of Levels of Health Insurance Coverage
Principal Investigator(s): View help for Principal Investigator(s) Keith Marzilli Ericson; Justin Sydnor
Version: View help for Version V1
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Ericson_Sydnor_dataset_complete | 10/12/2019 06:37:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 02:37:PM |
Project Citation:
Ericson, Keith Marzilli, and Sydnor, Justin. Replication data for: The Questionable Value of Having a Choice of Levels of Health Insurance Coverage. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114004V1
Project Description
Summary:
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In most health insurance markets in the United States, consumers have substantial choice about their health insurance plan. However additional choice is not an unmixed blessing as it
creates challenges related to both consumer confusion and adverse selection. There is mounting evidence that many people have difficulty understanding the value of insurance coverage,
like evaluating the relative benefits of lower premiums versus lower deductibles. Also, in most US health insurance markets, people cannot be charged different prices for insurance based on
their individual level of health risk. This creates the potential for well-known problems of adverse selection because people will often base the level of health insurance coverage they choose
partly on their health status. In this essay, we examine how the forces of consumer confusion and adverse selection interact with each other and with market institutions to affect how
valuable it is to have multiple levels of health insurance coverage available in the market.
Scope of Project
JEL Classification:
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G22 Insurance; Insurance Companies; Actuarial Studies
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
I18 Health: Government Policy; Regulation; Public Health
G22 Insurance; Insurance Companies; Actuarial Studies
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
I18 Health: Government Policy; Regulation; Public Health
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