Health Plan Choice and Information about Out-of-Pocket Costs
An Experimental Analysis
Bibliographic Data
| ID | 13775232 |
|---|---|
| Authors | Michael Schoenbaum (0000-0002-7793-6734, Pennsylvania State University, corresponding author), Mark Spranca, Marc N Elliott (0000-0002-7147-5535), Marc Elliott, Jay Bhattacharya (0000-0003-3867-3174), Pamela Farley Short |
| Year | 2001 |
| Volume | 38 |
| Issue | 1 |
| Pages | 35-48 |
| Publication date | 2001-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | INQUIRY The Journal of Health Care Organization Provision and Financing (JOURNAL) |
| Journal identifiers | ISSN: 0046-9580 • E-ISSN: 1945-7243 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.5034/inquiryjrnl_38.1.35 |
| PMID | 11381720 |
| OpenAlex | W2128546574 |
| Language | EN |
| Citations received | 4 |
| References cited | 28 |
Many consumers are offered two or more employer-sponsored health insurance plans, and competition among health plans for subscribers is promoted as a mechanism for balancing health care costs and quality. Yet consumers may not receive the information necessary to make informed health plan choices. This study tests the effects on health plan choice of providing supplemental decision-support materials to inform consumers about expected health plan costs. Our main finding is that such information induces consumers to bear more risk, especially those in relatively good health. Thus our results suggest that working-age, privately insured consumers currently may be over-insuring for medical care
Actuarial science · Business · Competition (biology · Consumer choice · Economics · Health care · Health insurance · Health plan · Plan (archaeology · Quality (philosophy · Global Health Care Issues · Healthcare Policy and Management · Healthcare Systems and Reforms · Marketing
Equilibrium in Competitive Insurance Markets
Framing, probability distortions, and insurance decisions
Prospect Theory
Employee Choice of Health Insurance
Alternative Models of Choice Under Uncertainty and Demand for Health Insurance
Health services research
The Welfare Loss of Excess Health Insurance
Making Survey Results Easy to Report to Consumers
Consumer information and biased selection in the demand for coverage supplementing medicare
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,17 |
| Citation span | 2002 - 2012 (11) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |