التفاصيل البيبلوغرافية
| العنوان: |
THE WELFARE IMPACT OF REDUCING CHOICE IN MEDICARE PART D: A COMPARISON OF TWO REGULATION STRATEGIES* THE WELFARE IMPACT OF REDUCING CHOICE IN MEDICARE PART D: A COMPARISON OF TWO REGULATION STRATEGIES. |
| المؤلفون: |
Lucarelli, Claudio1, Prince, Jeffrey1, Simon, Kosali1 |
| المصدر: |
International Economic Review. Nov2012, Vol. 53 Issue 4, p1155-1177. 23p. 7 Charts, 1 Graph. |
| مصطلحات موضوعية: |
*WELFARE economics, *ECONOMIC impact, *CONSUMER preferences, *STRATEGIC planning, *ECONOMIC equilibrium, *ECONOMIC models, MEDICARE Part D, COMPARATIVE studies |
| مستخلص: |
Motivated by widely publicized concerns that there are 'too many' plans, we structurally estimate (and validate) an equilibrium model of the Medicare Part D market to study the welfare impacts of two feasible, similar-sized approaches for reducing choice. One reduces the maximum number of firm offerings regionally; the other removes plans providing donut hole coverage-consumers' most valued dimension. We find welfare losses are far smaller when coupled with elimination of a dimension of differentiation. We illustrate our findings' relevance under current health care reforms, and consider the merits of instead imposing ex ante competition for entry. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
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