The unintended effects of the Medicare Part D low income subsidy

Francesco Decarolis

Health Policy, 2015, vol. 119, issue 5, 597-603

Abstract: Medicare Part D is the voluntary program that provides insurance for prescription drugs to 37 million US elderly. This form of public insurance is delivered exclusively through a choice-based private insurance market, where Medicare pays various types of subsidies. The objective of this paper is to analyze how the subsidy paid to low income enrollees induces insurers to distort their plan premiums.

Keywords: Medicare; Prescription drugs; Insurance (search for similar items in EconPapers)
JEL-codes: D44 H57 I11 I18 L22 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:hepoli:v:119:y:2015:i:5:p:597-603

DOI: 10.1016/j.healthpol.2015.01.008

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