The Value of Medicare Managed Care Plans and Their Prescription Drug Benefits
| Autor: | Anne E. Hall |
|---|---|
| Rok vydání: | 2007 |
| Předmět: |
Actuarial science
Medicare HMO Prescription drug 030503 health policy & services media_common.quotation_subject 05 social sciences Medicare beneficiary Economic surplus 03 medical and health sciences 8. Economic growth 0502 economics and business Value (economics) Health insurance Managed care Business 0305 other medical science Medicare Medical care Welfare health care economics and organizations 050205 econometrics media_common |
| Zdroj: | Finance and Economics Discussion Series. 2007:1-40 |
| ISSN: | 1936-2854 |
| DOI: | 10.17016/feds.2007.19 |
| Popis: | I estimate the welfare, both gross and net, provided by the Medicare managed care program in 1999 through 2002. First, I estimate a model of demand for the benefits offered by managed care plans to Medicare beneficiaries. I then use the demand estimates to form estimates of welfare provided by the program. Medicare beneficiaries derived $14.9 billion of gross welfare per year from the Medicare HMO program. Depending on the amount of selection in the program, the Medicare managed care program provided from -$10.3 billion to $35.1 billion of net welfare total over the four-year period. I also estimate the welfare that beneficiaries receive from the prescription drug benefits offered by Medicare HMOs. HMO enrollees in plans offering drugs received on average $13 of consumer surplus per month from the drug benefits in 1999, and this estimate drops to $10 by 2002. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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