Replication data for: Paying Attention or Paying Too Much in Medicare Part D

Principal Investigator(s):  View help for Principal Investigator(s) Jonathan D. Ketcham; Claudio Lucarelli; Christopher A. Powers

Version:  View help for Version V1

Name File Type Size Last Modified
  20120651_CODE 10/19/2021 03:10:PM
LICENSE.txt text/plain 14.6 KB 10/11/2019 07:50:PM

Project Citation: 

Ketcham, Jonathan D., Lucarelli, Claudio, and Powers, Christopher A. Replication data for: Paying Attention or Paying Too Much in Medicare Part D. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112881V1

Project Description

Summary:  View help for Summary We study whether people became less likely to switch Medicare prescription drug plans (PDPs) due to more options and more time in Part D. Panel data for a random 20 percent sample of enrollees from 2006-2010 show that 50 percent were not in their original PDPs by 2010. Individuals switched PDPs in response to higher costs of their status quo plans, saving them money. Contrary to choice overload, larger choice sets increased switching unless the additional plans were relatively expensive. Neither switching overall nor responsiveness to costs declined over time, and above-minimum spending in 2010 remained below the 2006 and 2007 levels. (JEL H51, I13, I18)

Scope of Project

Subject Terms:  View help for Subject Terms consumer decision making; revealed preference
JEL Classification:  View help for JEL Classification
      H51 National Government Expenditures and Health
      I13 Health Insurance, Public and Private
      I18 Health: Government Policy; Regulation; Public Health
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 2006 – 2010
Universe:  View help for Universe All Medicare recipients age 65 and above not also eligible for low-income subsidies
Data Type(s):  View help for Data Type(s) administrative records data; medical records
Collection Notes:  View help for Collection Notes Custom built "cost-calculator" to create an estimate of what each individual would have spent for prescription drugs and insurance under each Part D plan available to her.

Methodology

Data Source:  View help for Data Source U.S. Centers for Medicare and Medicaid Services
Unit(s) of Observation:  View help for Unit(s) of Observation individual-level panel,

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Published Versions

V1 [2019-10-11]

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