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Does supplemental private insurance increase medicare costs by Lillard, Lee A., 1943-2000. is a nonfiction available to read on EtoBox.

What is Does supplemental private insurance increase medicare costs about?

The Medicare program was created in 1966 to provide for the health care needs of the elderly. Due in part to the failure of the program to cover certain services such as prescription drugs, the market for private supplemental insurance developed rapidly. In addition, employers found that retiree health benefits were an inexpensive form of deferred compensation to offer workers. The emergence of private insurance to supplement Medicare, while providing insurance for uncovered services, also decreased the price sensitivity of elderly consumers for services that were covered by Medicare. This, in turn has induced demand for covered services beyond those that would have existed if Medicare were the only insurance available to the elderly. In this paper, the authors estimate the magnitude of induced Medicare expenditures due to the presence of private supplemental insurance. They use a unique source of data, the 1990 Health Supplement to the Panel Study of Income Dynamics. These data contain linked Medicare claims for elderly PSID respondents from which direct measures of expenditures for Medicare-covered services have been created. In addition, due to the panel nature of the PSID (23 c

Who reads Does supplemental private insurance increase medicare costs?

Author

Lillard, Lee A., 1943-2000.

Publisher

Rand, [1995]

Published

1995

Language

EN

Category

nonfiction