01277nam a22001577a 4500 521184 521184 221226b ||||| |||| 00| 0 eng d Gross, Tal, Layton, Timothy J. and Prinz, Daniel 36394 The liquidity sensitivity of healthcare consumption: Evidence from social security payments The American Economic Review: Insights 4(2), Jun, 2022: p.175-190 Insurance is typically viewed as a mechanism for transferring resources from good to bad states. However, insurance may also transfer resources from high-liquidity periods to low-liquidity periods. We test for this type of transfer from health insurance by studying the distribution of Social Security checks among Medicare recipients. When Social Security checks are distributed, prescription fills increase by 6–12 percent among recipients who pay small copayments. We find no such pattern among recipients who face no copayments. The results demonstrate that more complete insurance allows recipients to consume healthcare when they need it rather than only when they have cash. – Reproduced Healthcare consumption, Social security 36395 The American Economic Review: Insights HEALTH SERVICES AR 0 0 ddc 0 0 395235 IIPA IIPA 2022-12-26 4(2), Jun, 2022: p.175-190 AR127739 2022-12-26 AR