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• W3125760897 abstract "Consumers' price responsiveness is central to US health-care reform proposals, but the best available estimates are now more than 25 years old. We estimate health-care demands by calculating expected end-of-year prices and incorporating them into a zero-inflated ordered probit model applied to several overlapping panels of data from 1996 to 2003. Results from our correlated random effects specification indicate that the price responsiveness of ambulatory mental health treatment has decreased substantially and is now slightly lower than physical health treatment. This suggests that concerns over moral hazard alone do not warrant less generous coverage for mental health. However, prescription drug demand is more price elastic." @default.
• W3125760897 created "2021-02-01" @default.
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• W3125760897 date "2009-04-07" @default.
• W3125760897 modified "2023-10-10" @default.
• W3125760897 title "New estimates of the demand for physical and mental health treatment" @default.
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• W3125760897 doi "https://doi.org/10.1002/hec.1476" @default.
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