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Measuring Consumer Valuation of Limited Provider Networks / Keith Marzilli Ericson, Amanda Starc.
- Format:
- Book
- Author/Creator:
- Ericson, Keith Marzilli.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20812.
- NBER working paper series no. w20812
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- We measure provider coverage networks for plans on the Massachusetts health insurance exchange using a two measures: consumer surplus from a hospital demand system and the fraction of population hospital admissions that would be covered by the network. The two measures are highly correlated, and show a wide range of networks available to consumers. We then estimate consumer willingness-to-pay for network breadth, which varies by age. 60-year-olds value the broadest network approximately $1200-1400/year more than the narrowest network, while 30-year-olds value it about half as much. Consumers place additional value on star hospitals, and there is significant geographic heterogeneity in the value of network breadth.
- Notes:
- Print version record
- December 2014.
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