EconPapers    
Economics at your fingertips  
 

Adverse Selection, Moral Hazard and the Demand for Medigap Insurance

Michael Keane () and Olena Stavrunova ()

No 201119, Working Papers from ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales

Abstract: The size of adverse selection and moral hazard eects in health insurance markets has important policy implications. For example, if adverse selection eects are small while moral hazard eects are large, conventional remedies for inefficiencies created by adverse selection (e.g., mandatory insurance enrolment) may lead to substantial increases in health care spending. Unfortunately, there is no consensus on the magnitudes of adverse selection vs. moral hazard. This paper sheds new light on this important topic by studying the US Medigap (supplemental) health insurance market.

Keywords: Health insurance; adverse selection; moral hazard; health care expenditure (search for similar items in EconPapers)
JEL-codes: I13 D82 C34 C35 (search for similar items in EconPapers)
Date: 2011-11
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://cepar.edu.au/media/48634/Adverse%20Selection,%20Moral%20Hazard.pdf First version, 2011 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Journal Article: Adverse selection, moral hazard and the demand for Medigap insurance (2016) Downloads
Working Paper: Adverse Selection, Moral Hazard and the Demand for Medigap Insurance (2014) Downloads
Working Paper: Adverse Selection, Moral Hazard and the Demand for Medigap Insurance (2012) Downloads
Working Paper: Adverse Selection, Moral Hazard and the Demand for Medigap Insurance (2011) Downloads
Working Paper: Adverse Selection, Moral Hazard and the Demand for Medigap Insurance (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asb:wpaper:201119

Access Statistics for this paper

More papers in Working Papers from ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales Contact information at EDIRC.
Series data maintained by Elena Capatina ().

 
Page updated 2017-12-10
Handle: RePEc:asb:wpaper:201119