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Health insurance and the demand for medical care: Instrumental variable estimates using health insurer claims data.
- Source :
-
Journal of Health Economics . Jul2016, Vol. 48, p74-88. 15p. - Publication Year :
- 2016
-
Abstract
- This paper takes a different approach to estimating demand for medical care that uses the negotiated prices between insurers and providers as an instrument. The instrument is viewed as a textbook "cost shifting" instrument that impacts plan offerings, but is unobserved by consumers. The paper finds a price elasticity of demand of around -0.20, matching the elasticity found in the RAND Health Insurance Experiment. The paper also studies within-market variation in demand for prescription drugs and other medical care services and obtains comparable price elasticity estimates. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01676296
- Volume :
- 48
- Database :
- Academic Search Index
- Journal :
- Journal of Health Economics
- Publication Type :
- Academic Journal
- Accession number :
- 116277900
- Full Text :
- https://doi.org/10.1016/j.jhealeco.2016.03.001