Time aggregation in health insurance deductibles (Record no. 527858)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 02269nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240930b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Hong, Long and Mommaerts, Corina |
| 245 ## - TITLE STATEMENT | |
| Title | Time aggregation in health insurance deductibles |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | American Economic Journal: Economic Policy |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 16(2), May, 2024: p.270-299 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper explores the implications of health insurance deductibles that reset over shorter timespans compared to traditional annual structures. A model of insurance demand is developed to compare two actuarially equivalent deductible policies: one larger deductible resetting annually and one smaller deductible resetting biannually. The framework incorporates borrowing constraints, moral hazard, midyear contract switching, and delayable care. Calibrations using claims data show that the liquidity benefits of resetting deductibles can generate welfare gains of 3–10 percent of premium costs, particularly for individuals facing borrowing constraints. The findings highlight the importance of deductible design in shaping insurance demand, welfare outcomes, and consumer liquidity. Health insurance plans increasingly pay for expenses only beyond a large annual deductible. This paper explores the implications of deductibles that reset over shorter timespans. We develop a model of insurance demand between two actuarially equivalent deductible policies in which one deductible is larger and resets annually and the other deductible is smaller and resets biannually. Our model incorporates borrowing constraints, moral hazard, midyear contract switching, and delayable care. Calibrations using claims data show that the liquidity benefits of resetting deductibles can generate welfare gains of 3–10 percent of premium costs, particularly for individuals with borrowing constraints.- Reproduced https://www.aeaweb.org/articles?id=10.1257/pol.20210799 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economics, Health Insurance, Deductibles, Time Aggregation, Insurance Demand, Borrowing Constraints, Moral Hazard, Contract Switching, Delayable Care, Welfare Gains, Premium Costs, Claims Data, Liquidity Benefit |
| 9 (RLIN) | 59026 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | American Economic Journal: Economic Policy |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | HEALTH INSURANCE |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-09-30 | 16(2), May, 2024: p.270-299 | AR133291 | 2024-09-30 | Articles |