Does open enrollment control premiums? A case study from the "Medigap" market.
This article analyzes a change in "Medigap" regulations that occurred in Missouri in 1999. It allows Medicare beneficiaries in the state to switch to a different carrier each year so long as they retain the same standardized policy type, without losing their open enrollment privileges. The analysis is based on a comparison of various outcomes in Missouri and those in two comparison states, Kansas and Florida. We found little evidence that the policy change affected premiums charged by insurance carriers in Missouri, but conclude that other desirable aspects of the change make it potentially attractive for other states to follow.
Rice
Thomas
T
Department of Health Services, School of Public Health, University of California, Los Angeles 90095-1772, USA. trice@ucla.edu
Desmond
Katherine A
KA
Fox
Peter D
PD
D000368:Aged; D000369:Aged, 80 and over; D003258:Consumer Behavior / Q000191:economics / Q000331:legislation & jurisprudence*; D003363:Cost Control; D004608:Eligibility Determination / Q000331:legislation & jurisprudence; D005249:Fees and Charges; D005431:Florida; D033161:Government Regulation; D006801:Humans; D017054:Insurance, Medigap / Q000191:economics* / Q000331:legislation & jurisprudence / Q000706:statistics & numerical data; D007615:Kansas; D016018:Least-Squares Analysis; D008923:Missouri; D015999:Multivariate Analysis; D019982:Organizational Case Studies; D013219:State Government; D014481:United States