The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The Welfare Loss of Excess Health Insurance
Abstract
American families are in general overinsured against health expenses. If insurance coverage were reduced, the utility loss from increased risk would be more than outweighted by the gain due to lower prices and the reduced purchase of excess care. The first part of the paper develops and estimates a structural equation for the demand for health care and then examines the dynamic interaction between the purchase of insurance and the demand and supply for health care. The second part estimates the welfare gains that would result from decreasing insurance by raising the average coinsurance rate from 0.33 to 0.50 and 0.67 percent. The most likely values imply net gains in excess of $4 billion.
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Cites
Balestra, P., & Nerlove, M. (1966) · Econometrica · doi:10.2307/1909771 · Cited by 1,005
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Van de Ven, W. P. M. M., & Van Praag, B. M. S. (1981) · Journal of Econometrics · doi:10.1016/0304-4076(81)90028-2 · Cited by 1,367
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Rich, A. (2004) · Cambridge University Press eBooks · doi:10.1017/cbo9780511509889 · Cited by 499
Do Physicians' Financial Incentives Affect Medical Treatment and Patient Health?
Clemens, J., & Gottlieb, J. D. (2014) · American Economic Review · doi:10.1257/aer.104.4.1320 · Cited by 485
A Microeconometric Model of the Demand for Health Care and Health Insurance in Australia
Cameron, A. C., Trivedi, P. K., Milne, F., & Piggott, J. (1988) · The Review of Economic Studies · doi:10.2307/2297531 · Cited by 481
Metadata
- Authors
- Feldstein, M. S.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1973-03
- Volume
- 81
- Issue
- 2, Part 1
- Pages
- 251-280
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2105056830
- Cited by
- 506
- References
- 1
- FWCI
- 12.77
- Type
- journal article
- Language
- en
- Open access
- closed
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