The effect of Medicare coverage for the disabled on the market for private insurance.
We investigate whether the removal of high-cost individuals from private insurance markets leads to greater coverage for individuals who are similar but not as high cost. Using data on insurance coverage from the Panel Study of Income Dynamics, we estimate the effect of the extension of Medicare to the disabled on the private insurance coverage of non-disabled individuals. We find that the insurance coverage of individuals who had a health condition that limited their ability to work increased significantly in states with high versus low rates of disability.
Cogan
John F
JF
Hoover Institution, Stanford University, USA.
Hubbard
R Glenn
RG
Kessler
Daniel P
DP
D000328:Adult; D003365:Costs and Cost Analysis / Q000191:economics / Q000706:statistics & numerical data; D006233:Persons with Disabilities / Q000706:statistics & numerical data; D005260:Female; D006801:Humans; D007182:Income / Q000706:statistics & numerical data; D007348:Insurance, Health / Q000191:economics / Q000706:statistics & numerical data; D007354:Insurance, Major Medical / Q000191:economics / Q000706:statistics & numerical data; D008297:Male; D006278:Medicare / Q000191:economics; D017059:Models, Econometric; D014481:United States