Study Results from A. Dunn et al Provide New Insights into Health Insurance (Health insurance and the demand for medical care: Instrumental variable…

Study Results from A. Dunn et al Provide New Insights into Health Insurance (Health insurance and the demand for medical care: Instrumental variable estimates using health insurer claims data)

By a News Reporter-Staff News Editor at Managed Care Weekly Digest -- Data detailed on Health Insurance have been presented. According to news originating from Washington, District of Columbia, by NewsRx editors, the research stated, "This paper takes a different approach to estimating demand for medical care that uses the negotiated prices between insurers and providers as an instrument."

Our news journalists obtained a quote from the research, "The instrument is viewed as a textbook 'cost shifting' instrument that impacts plan offerings, but is unobserved by consumers. The paper finds a price elasticity of demand of around -0.20, matching the elasticity found in the RAND Health Insurance Experiment."

According to the news editors, the research concluded: "The paper also studies within-market variation in demand for prescription drugs and other medical care services and obtains comparable price elasticity estimates. ."

For more information on this research see: Health insurance and the demand for medical care: Instrumental variable estimates using health insurer claims data. Journal of Health Economics, 2016;48():74-88. Journal of Health Economics can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Journal of Health Economics - www.journals.elsevier.com/journal-of-health-economics/)

The news correspondents report that additional information may be obtained from A. Dunn, Bur Econ Anal, Washington, DC 20233, United States (see also Health Insurance).

Keywords for this news article include: Washington, District of Columbia, United States, North and Central America, Health Insurance.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC