Competitive long-term health insurance.

Abstract:

:I study the interplay among competition, contractual commitment, income risk, and saving and borrowing in insuring consumers against both short-term healthcare expenses and longer-term changes in health status. Examining different combinations of firms' ability to commit to long-term contracts, consumers' access to credit markets, and the availability of termination fees helps to highlight sources of inefficiency.

journal_name

J Health Econ

authors

Wiseman T

doi

10.1016/j.jhealeco.2018.02.006

subject

Has Abstract

pub_date

2018-03-01 00:00:00

pages

144-150

eissn

0167-6296

issn

1879-1646

pii

S0167-6296(17)30560-X

journal_volume

58

pub_type

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