Replication data for: Sinking, Swimming, or Learning to Swim in Medicare Part D
Principal Investigator(s): View help for Principal Investigator(s) Jonathan D. Ketcham; Claudio Lucarelli; Eugenio J. Miravete; M. Christopher Roebuck
Version: View help for Version V1
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Project Citation:
Ketcham, Jonathan D., Lucarelli, Claudio, Miravete, Eugenio J., and Roebuck, M. Christopher. Replication data for: Sinking, Swimming, or Learning to Swim in Medicare Part D. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116107V1
Project Description
Summary:
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Under Medicare Part D, senior citizens choose prescription drug insurance offered by numerous private insurers. We examine nonpoor enrollees- actions in 2006 and 2007 using panel data. Our sample reduced overspending by $298 on average, with gains by 81 percent of them. The greatest improvements were by those who overspent most in 2006 and by those who switched plans. Decisions to switch depended on individuals' overspending in 2006 and on individual-specific effects of changes in their current plans. The oldest consumers and those initiating medications for Alzheimer's disease improved by more than average, suggesting that real-world institutions help overcome cognitive limitations. (JEL D14, G22, H51, I13, I18)
Scope of Project
JEL Classification:
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D14 Household Saving; Personal Finance
G22 Insurance; Insurance Companies; Actuarial Studies
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
I18 Health: Government Policy; Regulation; Public Health
D14 Household Saving; Personal Finance
G22 Insurance; Insurance Companies; Actuarial Studies
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
I18 Health: Government Policy; Regulation; Public Health
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