Cited by 411Healthcare Policy and ManagementHealthcare Systems and ReformsInsurance and Financial Risk Management

Asymmetric Information in Health Insurance: Evidence from the National Medical Expenditure Survey

Open access
Cardon, James H., Hendel, Igal·2001·The RAND Journal of Economics

Abstract

Adverse selection is perceived to be a major source of market failure in insurance markets. There is little empirical evidence on the extent of the problem. We estimate a structural model of health insurance and health care choices using data on single individuals from the NMES. A robust prediction of adverse-selection models is that riskier types buy more coverage and, on average, end up using more care. We test for unobservables linking health insurance status and health care consumption. We find no evidence of informational asymmetries.

Integrity signals

Registry

Crossref · 10.2307/2696362

Cites

19 of 19 references verified0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Claims the paper makes

We couldn’t retrieve this paper’s full text, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

Cites

Flagged first, then by citations

Cited by

Sorted by citations

Authors
Cardon, J. H., & Hendel, I.
Affiliations
Brigham Young University (US)
Venue
The RAND Journal of Economics
Publisher
Wiley
Published
2001
Volume
32
Issue
3
Pages
408
ISSN
0741-6261 (ISSN-L)
OpenAlex
W2044293638
Cited by
411
References
19
Citations by year
2026: 4 · 2025: 7 · 2024: 11 · 2023: 8 · 2022: 11 · 2021: 21 · 2020: 17 · 2019: 17 · 2018: 22 · 2017: 23 · 2016: 15 · 2015: 31 · 2014: 17 · 2013: 25 · 2012: 29
FWCI
18.13
Type
journal article
Language
en
Open access
Locations
  • The RAND Journal of Economics (publishedVersion)
  • PubMed (publishedVersion)
  • SSRN Electronic Journal (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Healthcare Policy and Management
  • Social Sciences › Economics, Econometrics and Finance › Finance › Healthcare Systems and Reforms
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Insurance and Financial Risk Management
Keywords
adverse selection, information asymmetry, health insurance, health care utilization, insurance coverage, market failure, National Medical Expenditure Survey
MeSH terms
Data Collection, Health Expenditures, Health Status, Humans, Insurance, Health, Models, Theoretical, United States, Medically Uninsured, Information Management, Health Care Surveys

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review