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- W2891966483 abstract "Managed care health insurers in the US restrict their enrollees' choice of hospitals to within specific networks. This paper considers the implications of these restrictions. A three-step econometric model is used to predict consumer preferences over health plans conditional on the hospitals they offer. The results indicate that consumers place a positive and significant weight on their expected utility from the hospital network when choosing plans. A welfare analysis, assuming fixed prices, implies that restricting consumers' choice of hospitals leads to a loss to society of approximately $1 billion per year across the 43 US markets considered. This figure may be outweighed by the price reductions generated by the restriction." @default.
- W2891966483 created "2018-09-27" @default.
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- W2891966483 date "2005-12-01" @default.
- W2891966483 modified "2023-09-27" @default.
- W2891966483 title "The Welfare Effects of Restricted Hospital Choice in the US Medical Care Market" @default.
- W2891966483 hasPublicationYear "2005" @default.
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