Code and Data for: Reducing Medical Spending of the Publicly Insured: The Case for a Cash-Out Option
Principal Investigator(s): View help for Principal Investigator(s) Svetlana Pashchenko, University of Georgia; Ponpoje Porapakkarm, National Graduate Institute for Policy Studies
Version: View help for Version V1
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| FortranCode | 10/26/2021 12:02:PM | ||
| HRScode | 10/26/2021 12:02:PM | ||
| MEPScode | 10/26/2021 12:02:PM | ||
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application/pdf | 378.5 KB | 11/17/2019 05:29:PM |
Project Citation:
Pashchenko, Svetlana, and Porapakkarm, Ponpoje. Code and Data for: Reducing Medical Spending of the Publicly Insured: The Case for a Cash-Out Option. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E115603V1
Project Description
Summary:
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Individuals' medical spending has both necessary and discretionary components, which are not, however, separately observable. This paper studies ways to improve upon existing public health insurance policies by using a framework where both the discretionary and necessary components of medical spending are explicitly modeled. First, using a simple theoretical framework, the paper shows that the key to reducing discretionary medical spending is to introduce a trade-off between nonmedical and medical consumption. Next, using a rich quantitative life-cycle model, the paper shows that this trade-off can be successfully implemented by introducing an option to substitute public health insurance with cash transfers.
Scope of Project
Subject Terms:
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Computational Code of the paper
JEL Classification:
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D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
G22 Insurance; Insurance Companies; Actuarial Studies
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
I18 Health: Government Policy; Regulation; Public Health
I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
G22 Insurance; Insurance Companies; Actuarial Studies
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
I18 Health: Government Policy; Regulation; Public Health
I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
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program source code
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