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Nudging people with better information may actually hurt health insurance markets

Handel, Ben (2014) Nudging people with better information may actually hurt health insurance markets. LSE American Politics and Policy (02 Apr 2014). Blog Entry.

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Abstract

One criticism leveled at President Obama’s signature healthcare reform, the Affordable Care Act (or ‘Obamacare’), was that people were often unable to continue with their existing health insurance plans, despite promises to the contrary. But could ‘inertia’ in health insurance plans actually cost people more? By studying the health insurance choices of 8,000 employees in one company Ben Handel determines that, by not readjusting their plans based on their circumstances, people lose out on more than $2,000 every year. Surprisingly, he also finds that if this inertia was reduced through the better provision of information, then the health insurance market would ‘unravel’, with few people then choosing to enroll in comprehensive coverage.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2014 The Author; Online
Divisions: LSE
Subjects: E History America > E11 America (General)
H Social Sciences > H Social Sciences (General)
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 11 Aug 2014 10:52
Last Modified: 23 Aug 2019 23:21
URI: http://eprints.lse.ac.uk/id/eprint/58842

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