5. MAKING REQUESTS BUSINESS ENGLISH CONVERSATION & LISTENING Instructor: Hsin-Hsin Cindy Lee, PhD.
Exiting the Health Insurance Market as a Rational Choice: Demand for Health Insurance in a Learning...
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![Page 1: Exiting the Health Insurance Market as a Rational Choice: Demand for Health Insurance in a Learning Model Author: Rahul Jain Discussant: Samuel Hsin-yu.](https://reader036.fdocuments.in/reader036/viewer/2022082713/5697c0071a28abf838cc6178/html5/thumbnails/1.jpg)
Exiting the Health Insurance Market as a Rational Choice: Demand for
Health Insurance in a Learning Model
Author: Rahul JainDiscussant: Samuel Hsin-yu Tseng
![Page 2: Exiting the Health Insurance Market as a Rational Choice: Demand for Health Insurance in a Learning Model Author: Rahul Jain Discussant: Samuel Hsin-yu.](https://reader036.fdocuments.in/reader036/viewer/2022082713/5697c0071a28abf838cc6178/html5/thumbnails/2.jpg)
Question
• Why do people drop health insurance coverage?
- Important questions because different causes suggest different policy interventions
- Studies suggest that this dropout is caused by adverse shocks to income and/or premium
- This paper proposes two competing causes: learning and aging effects of age
![Page 3: Exiting the Health Insurance Market as a Rational Choice: Demand for Health Insurance in a Learning Model Author: Rahul Jain Discussant: Samuel Hsin-yu.](https://reader036.fdocuments.in/reader036/viewer/2022082713/5697c0071a28abf838cc6178/html5/thumbnails/3.jpg)
Motivation
• Show whether the dropout of insurance coverage is economically significant
- transition matrix of insurance status
Age Insurance status in (t-1)
% of uninsured in (t)
50-64 Group coverage 3
35-49 Group coverage
18-34 Group coverage
![Page 4: Exiting the Health Insurance Market as a Rational Choice: Demand for Health Insurance in a Learning Model Author: Rahul Jain Discussant: Samuel Hsin-yu.](https://reader036.fdocuments.in/reader036/viewer/2022082713/5697c0071a28abf838cc6178/html5/thumbnails/4.jpg)
Motivation (Cont’d)
• Examine how much of the dropout can be attributed to changes in income, changes in premium, and learning and aging effects of age, and other factors
![Page 5: Exiting the Health Insurance Market as a Rational Choice: Demand for Health Insurance in a Learning Model Author: Rahul Jain Discussant: Samuel Hsin-yu.](https://reader036.fdocuments.in/reader036/viewer/2022082713/5697c0071a28abf838cc6178/html5/thumbnails/5.jpg)
Effects of Job Changes on Coverage
• Data source: MEPS data for 1997-2000
• The implementation of HIPAA in 1996 may delay the dropout of coverage caused by job changes- Acknowledge this institutional feature and may incorporate it in the regression
• HIPAA indicates that - after leaving the job, workers are entitled to COBRA coverage for 18 months- after COBRA coverage is exhausted, workers are guaranteed coverage in the individual market
![Page 6: Exiting the Health Insurance Market as a Rational Choice: Demand for Health Insurance in a Learning Model Author: Rahul Jain Discussant: Samuel Hsin-yu.](https://reader036.fdocuments.in/reader036/viewer/2022082713/5697c0071a28abf838cc6178/html5/thumbnails/6.jpg)
Policy Implications
• Elaborate the implications of the findings on healthcare policy