| Literature DB >> 10284091 |
W G Manning, J P Newhouse, N Duan, E B Keeler, A Leibowitz, M S Marquis.
Abstract
We estimate how cost sharing, the portion of the bill the patient pays, affects the demand for medical services. The data come from a randomized experiment. A catastrophic insurance plan reduces expenditures 31 percent relative to zero out-of-pocket price. The price elasticity is approximately -0.2. We reject the hypothesis that less favorable coverage of outpatient services increases total expenditure (for example, by deterring preventive care or inducing hospitalization).Entities:
Mesh：
Year: 1987 PMID： 10284091
Source DB: PubMed Journal: Am Econ Rev ISSN： 0002-8282