Findings from Peking University Has Provided New Data on Managed Care (Correcting for Transitory Effects In Rcts: Evidence From the Rand Health Insurance Experiment): Managed Care

2023 FEB 16 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- A new study on Managed Care is now available. According to news reporting from Beijing, People’s Republic of China, by NewsRx journalists, research stated, “Temporary randomized controlled trials are susceptible to transitory effects that would not result from a permanent treatment. We find a large and statistically significant ‘deadline effect’-a surge in spending in the final treatment year-in the RAND Health Insurance Experiment, identified by random allocation to three- or five-year enrolment terms.”

The news correspondents obtained a quote from the research from Peking University, “Participants facing lower coinsurance rates show larger spending surges. Partialing out the price-deadline interaction reduces in magnitude estimates of the permanent price elasticity of drug spending (and in some specifications of outpatient and supplies spending).”

According to the news reporters, the research concluded: “This implies higher optimal coinsurance rates and illustrates the importance of experimental design to identifying parameters of interest in randomized controlled trials.”

This research has been peer-reviewed.

For more information on this research see: Correcting for Transitory Effects In Rcts: Evidence From the Rand Health Insurance Experiment. Canadian Journal of Economics/Revue canadienne d’economique, 2023. Canadian Journal of Economics/Revue canadienne d’economique can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA.

Our news journalists report that additional information may be obtained by contacting Kevin Devereux, Peking University, Beijing, People’s Republic of China. Additional authors for this research include Mona Balesh Abadi and Farah Omran.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/caje.12637. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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