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Exit, Voice or Loyalty? An Investigation into Mandated Portability of Front-Loaded Private Health Plans / Juan Pablo Atal, Hanming Fang, Martin Karlsson, Nicolas R. Ziebarth.
- Format:
- Book
- Author/Creator:
- Atal, Juan Pablo.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w23468.
- NBER working paper series no. w23468
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2017.
- Summary:
- We study theoretically and empirically how consumers in an individual private long-term health insurance market with front-loaded contracts respond to newly mandated portability requirements of their old-age provisions. To foster competition, effective 2009, German legislature made the portability of standardized old-age provisions mandatory. Our theoretical model predicts that the portability reform will increase internal plan switching. However, under plausible assumptions, it will not increase external insurer switching. Moreover, the portability reform will enable unhealthier enrollees to reoptimize their plans. We find confirmatory evidence for the theoretical predictions using claims panel data from a big private insurer.
- Notes:
- Print version record
- June 2017.
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