Navigation Links
New insight into how people choose insurance plans
Date:2/27/2013

east.

Thus insurers, or at least those who expect that offering more high-deductible plans will lower their expenses, may experience smaller spending changes than they might expect if a random group of people were assigned to such plans.

"What we [find] is that if you base your forecasts on random assignment, you would substantially overestimate the spending reduction you can get by introducing high-deductible plans," says Finkelstein, the Ford Professor of Economics at MIT. "The people who select these plans aren't randomly drawn from the population they tend to be people who have a lower behavioral response to the [insurance] contract."

Anticipating changes in behavior

To grasp this dynamic at work, Finkelstein suggests an analogy to an all-you-can-eat restaurant where the customers are there for two reasons: one group with consistently robust appetites, and another group who, by not having to pay a la carte, can have a larger meal than usual at a decent price. When it comes to health care, she suggests, consumers can also be divided into two similar categories: those who consistently seek a lot of coverage, and those who, given greater coverage, will change their behavior, and suddenly use much more medical care.

But how much more care do people in the second group seek? The paper, "Selection on Moral Hazard in Health Insurance," published this month in the American Economic Review, answers that question by scrutinizing health-plan choices made between 2003 and 2006 by more than 4,000 employees at Alcoa, the global aluminum producer. The researchers were able to assess the overall health status of individuals, the health-plan choices employees made when switching coverage, and subsequent medical claims. The varying Alcoa plans offered different deductibles, but used the same network of health-care providers, meaning consumer choices were heavily based on financial concerns.

By analyzing the d
'/>"/>

Contact: Sarah McDonnell
s_mcd@mit.edu
617-827-7637
Massachusetts Institute of Technology
Source:Eurekalert

Page: 1 2 3

Related medicine news :

1. From a Failed Vaccine, New Insights Into Fighting HIV
2. Clinical insight improves treatment with new lung cancer drug
3. New insights into when beach sand may become unsafe for digging and other contact
4. How does the immune system fight off threats to the brain? New research yields fresh insight
5. Understanding and promoting mental health - Insights from psychological science
6. Aggregating instead of stabilizing: New insights into the mechanisms of heart disease
7. Cancer Patients Share Web Info With Docs for Insight, Advice
8. Drug addiction study offers new insight on compulsive behavior
9. Better treatment for brain cancer revealed by new molecular insights
10. Scientists at the Mainz University Medical Center gain new insights into Taspase1 function
11. Feces fossils lend new insights into connection between Native-Americans, diabetes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2015)... 26, 2015 In God’s Unstoppable Favor, ... as she writes an unforgettable story of how God ... life. The first black student to desegregate Evangeline Parish ... by some students, treated harshly by a few teachers, ... personal phone conversation with Dr. Martin Luther King, Jr. ...
(Date:5/26/2015)... 26, 2015 Dermatologic surgeons performed nearly ... according to survey results released today by the American ... cancer treatments and several cosmetic categories, 2014 totals were ... steady overall compared to 2013 figures. , For ... ranked as the most-performed procedure (3.08 million) by ASDS ...
(Date:5/26/2015)... York (PRWEB) May 26, 2015 The ... http://www.xareltolawsuit2015.com/ ) filed on behalf of individuals who were ... the litigation’s June 11th Science Day. According to an ... of Louisiana, on May 21st, topics to be addressed ... drug, the use of blood test based testing with ...
(Date:5/26/2015)... Rochester, MN (PRWEB) May 26, 2015 ... years of debilitating nosebleeds and fainting spells, four of ... even leading to cardiac arrest. , Though she ... transfusion, she continues to dedicate her time to increasing ... mission. , “Had there been awareness, we could have ...
(Date:5/26/2015)... May 26, 2015 Last week, ... Mexico patients with MRI, Ultrasound, and CT services—was ... American College of Radiology. The center is now ... , In order to be eligible for ... of qualifications including personnel qualifications, adequacy of facility ...
Breaking Medicine News(10 mins):Health News:Grace Sibley Releases Second Book, God's Unstoppable Favor 2Health News:New ASDS Survey: 9.5 Million Treatments Performed in 2014 2Health News:New ASDS Survey: 9.5 Million Treatments Performed in 2014 3Health News:New ASDS Survey: 9.5 Million Treatments Performed in 2014 4Health News:Federal Xarelto Lawsuits Move Forward, as Court Establishes Procedures for Upcoming Science Day 2Health News:Federal Xarelto Lawsuits Move Forward, as Court Establishes Procedures for Upcoming Science Day 3Health News:Federal Xarelto Lawsuits Move Forward, as Court Establishes Procedures for Upcoming Science Day 4Health News:Rochester Woman Brings Awareness to Genetic Disease 2
... it as been found in a study that drinking coffee may ... consumption should be moderate. Its moderate consumption every day may lower ... studies in US had linked drinking more than two cups of ... chronic liver disease. ,This new study by Harvard School ...
... Australian scientists are of the opinion that older adults ... heart disease. // ,The researchers at the ... a high risk than those without asthma to suffer ... and cancer,The study’s lead author Dr. Robert Adams ...
... government is facing accusation from the Victorian Opposition for ... ,Reports are rife that almost one in ... of being discharged from the hospital, necessitating a re-admission. ... Government about mental health shortfalls, during the previous year. ...
... the socioeconomic status of an individual that determines the ... published in the March 15, 2006 issue of CANCER, ... ,The study found that education, community poverty, and income ... outcomes as did age, disease stage, and treatment method. ...
... public display of their affection here on Valentine's Day would ... some young lovers. ,Youngsters have got over the initial ... lovers by the Akhil Bharatiya Vidhyarthi Parishad (ABVP), the Vishwa ... move is now being welcomed by courting couples, who are ...
... their telephonic conversations to a minimal level owing to the ... federal bureau for radiation protection (BfS) in Salzgitter says people ... station in an area of their home where they do ... is a good example. ,The cordless telephones, which commonly ...
Cached Medicine News:
(Date:5/26/2015)... DIEGO , May 26, 2015 ... developing targeted therapeutic devices to address infectious diseases ... Joyce , Chief Executive Officer, will present at ... Thursday, May 28th.  Details of Aethlon Medical,s presentation ... Investor Conference Date: , Thursday, May 28, 2015Time: ...
(Date:5/26/2015)... , May 26, 2015 ViiV ... Inc. (CHAI) announced today that Aurobindo Pharma has submitted ... for Tentative Approval, to the Food and Drug Administration ... first ANDA for a generic version of dolutegravir, less ... for sale in the United States ...
(Date:5/26/2015)... Mass. , May 26, 2015  Respiratory ... 62 nd Annual Meeting of the Japanese ... of monitoring patient respiration in hospitals miss critical ... risks to patients. The findings conclude that respiratory ... Respiratory Motion, Inc. more consistently protects patients than ...
Breaking Medicine Technology:Aethlon Medical to Present at SeeThruEquity Microcap Investor Conference 2Aethlon Medical to Present at SeeThruEquity Microcap Investor Conference 3Aethlon Medical to Present at SeeThruEquity Microcap Investor Conference 4ViiV Healthcare and CHAI Collaboration Delivers Second Milestone With First Filing With the FDA of Generic Dolutegravir by Aurobindo Pharma for the Treatment of HIV 2ViiV Healthcare and CHAI Collaboration Delivers Second Milestone With First Filing With the FDA of Generic Dolutegravir by Aurobindo Pharma for the Treatment of HIV 3ViiV Healthcare and CHAI Collaboration Delivers Second Milestone With First Filing With the FDA of Generic Dolutegravir by Aurobindo Pharma for the Treatment of HIV 4ViiV Healthcare and CHAI Collaboration Delivers Second Milestone With First Filing With the FDA of Generic Dolutegravir by Aurobindo Pharma for the Treatment of HIV 5ViiV Healthcare and CHAI Collaboration Delivers Second Milestone With First Filing With the FDA of Generic Dolutegravir by Aurobindo Pharma for the Treatment of HIV 6ViiV Healthcare and CHAI Collaboration Delivers Second Milestone With First Filing With the FDA of Generic Dolutegravir by Aurobindo Pharma for the Treatment of HIV 7Eight Studies Find Capnography, Pulse Oximetry Can Leave Patients at Risk for Life-Threatening Respiratory Depression 2Eight Studies Find Capnography, Pulse Oximetry Can Leave Patients at Risk for Life-Threatening Respiratory Depression 3Eight Studies Find Capnography, Pulse Oximetry Can Leave Patients at Risk for Life-Threatening Respiratory Depression 4Eight Studies Find Capnography, Pulse Oximetry Can Leave Patients at Risk for Life-Threatening Respiratory Depression 5
... Patient Safety Technologies, Inc. (the "Company") (OTCBB: PSTX) today ... and Chief Financial Officer.  Mr. Dreyer will be responsible ... Company and its wholly-owned operating subsidiary, SurgiCount Medical, as ... initiatives and operational improvements. "We are pleased ...
... Oct. 27 Recognizing the innovative ideas of today,s ... program of Invent Now, today announced that a way ... drug testing and a way to manufacture composite structural ...  Alice Chen of the Harvard/MIT Health Sciences and Technology ...
Cached Medicine Technology:Patient Safety Technologies Appoints New Chief Financial Officer 2Winners Announced in 2010 Collegiate Inventors Competition® 2Winners Announced in 2010 Collegiate Inventors Competition® 3Winners Announced in 2010 Collegiate Inventors Competition® 4Winners Announced in 2010 Collegiate Inventors Competition® 5
... model in the PM series is ... required for routine brightfield observation, both ... photography. Remarkably economical in,price, it offers ... mechanisms which meet the needs of ...
... digital FireWire camera system for high resolution ... provides images of the highest color fidelity, ... users can expect perfect images due to ... cooling and innovative readout modes. The Leica ...
This compact photomicrographic system assures simple operation to achieve the exposure accuracy required for sophisticated photomicrography in most research and clinical environments....
... Stains for Geometric Data Hemastainer. ... Stains are quality control tested ... ensure proper staining and absence ... applications for a minimum of ...
Medicine Products: