Participation in alternative health plans : the role of financial incentives in Medicare beneficiaries' decisions /
M. Susan Marquis, Jeannette A. Rogowski.
- xvii, 70 pages : illustrations ; 23 cm
"RAND/UCLA/Harvard Center for Health Care Financing Policy Research."
Includes bibliographical references (67-70).
Medicare beneficiaries choosing to enroll in an alternative health plan (AHP) must make a tradeoff between restricted choice of provider and financial incentives to enroll in the plan. This study examines this tradeoff empirically by estimating a model of beneficiary plan choice using survey data in which beneficiaries were asked to state a preference between several hypothetical AHPs and their current Medicare coverage. The results show that a substantial financial incentive is necessary to attract beneficiaries. For an incentive of a given amount, plans that provide financial protection against high-cost hospitalizations or long-term care are more attractive than plans that offer additional ambulatory benefits.
0833011847
RAND/R-4105-HCFA
$25.00
92140244
Insurance, Health--United States. Medical care--Finance.--United States Medicare.