000			01277nam a22001577a 4500
999			_c521184 _d521184
008			221226b ||||| |||| 00| 0 eng d
100			_aGross, Tal, Layton, Timothy J. and Prinz, Daniel _936394
245			_aThe liquidity sensitivity of healthcare consumption: Evidence from social security payments
260			_aThe American Economic Review: Insights
300			_a4(2), Jun, 2022: p.175-190
520			_aInsurance 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
650			_aHealthcare consumption, Social security _936395
773			_aThe American Economic Review: Insights
906			_aHEALTH SERVICES
942			_cAR