Ontology highlight
ABSTRACT:
SUBMITTER: Lavetti K
PROVIDER: S-EPMC6335045 | biostudies-literature | 2018 Aug
REPOSITORIES: biostudies-literature
American economic journal. Economic policy 20180801 3
The design of Medicare Part D causes most beneficiaries to receive fragmented health insurance, with drug and medical coverage separated. Fragmentation is potentially inefficient since separate insurers optimize over only one component of healthcare spending, despite complementarities and substitutabilities between healthcare types. Fragmentation of only some plans can also lead to market distortions due to differential adverse selection, as integrated plans may use drug formularies to induce en ...[more]