Value-Based Cost Sharing
Many policy experts have been proponents of value-based cost sharing. Under value-based cost sharing, medical care that is seen to provide a higher marginal benefit to the patient will have lower...
View ArticleIs health care demand elastic?
Most experts believe that health care demand is fairly inelastic. If you are sick, you will not be very price sensitive. There are exceptions to this rule (e.g., elective surgery such as plastic...
View ArticleEffect of delayed reimbursement on utilization of medical services
A recent paper by Hai Zhong (2011) finds that health insurance that provides immediate reimbursement for health care services significantly increases the likelihood of patients seeking outpatient...
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