| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27977 |
| 来源ID | Working Paper 27977 |
| The Liquidity Sensitivity of Healthcare Consumption: Evidence from Social Security Payments | |
| Tal Gross; Timothy Layton; Daniel Prinz | |
| 发表日期 | 2020-10-26 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Some consumers lack the cash needed to pay for medical care. As a result, they either delay care until they can pay for it or they forgo the care altogether. To test for such a possibility, we study the distribution of monthly Social Security checks among Medicare Part D enrollees. When Social Security checks are distributed, prescription fills increase by 6-12 percent. In that sense, drug consumption of low-income Medicare recipients is "liquidity sensitive." We then study recipients who transition onto a program that eliminates copayments. When those recipients do not face copayments, their drug consumption becomes less liquidity sensitive. That finding implies that, beyond risk protection, generous insurance also provides recipients with the ability to consume healthcare when they need it rather than when they have cash. Further, we find that recipients whose drug consumption is most liquidity sensitive exhibit price elasticities of demand that are twice the size of the average elasticity, suggesting that more-generous insurance causes recipients both to re-time prescription filling and also to start filling prescriptions that they otherwise would not fill. We present a stylized model that uses this finding to call into question the conventional interpretation of demand-response to price as solely inefficient moral hazard. |
| 主题 | Financial Economics ; Public Economics ; Health, Education, and Welfare ; Health |
| URL | https://www.nber.org/papers/w27977 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585650 |
| 推荐引用方式 GB/T 7714 | Tal Gross,Timothy Layton,Daniel Prinz. The Liquidity Sensitivity of Healthcare Consumption: Evidence from Social Security Payments. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27977.pdf（1145KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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