Replication data for: Adverse Selection and an Individual Mandate: When Theory Meets Practice
Principal Investigator(s): View help for Principal Investigator(s) Martin B. Hackmann; Jonathan T. Kolstad; Amanda E. Kowalski
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Replicationpackage_nopropdata | 10/12/2019 12:49:AM | ||
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text/plain | 14.6 KB | 10/11/2019 08:49:PM |
Project Citation:
Hackmann, Martin B., Kolstad, Jonathan T., and Kowalski, Amanda E. Replication data for: Adverse Selection and an Individual Mandate: When Theory Meets Practice. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E112926V1
Project Description
Summary:
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We develop a model of selection that incorporates a key element of recent health reforms: an individual mandate. Using data from Massachusetts, we estimate the parameters of the model. In the individual market for health insurance, we find that premiums and average costs decreased significantly in response to the individual mandate. We find an annual welfare gain of 4.1 percent per person or $51.1 million annually in Massachusetts as a result of the reduction in adverse selection. We also find smaller post-reform markups. (JEL D82, G22, H75, I13)
Scope of Project
JEL Classification:
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D82 Asymmetric and Private Information; Mechanism Design
G22 Insurance; Insurance Companies; Actuarial Studies
H75 State and Local Government: Health; Education; Welfare; Public Pensions
I13 Health Insurance, Public and Private
D82 Asymmetric and Private Information; Mechanism Design
G22 Insurance; Insurance Companies; Actuarial Studies
H75 State and Local Government: Health; Education; Welfare; Public Pensions
I13 Health Insurance, Public and Private
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