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Competitive long-term health insurance

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  • Wiseman, Thomas

Abstract

I study the interplay among competition, contractual commitment, income risk, and saving and borrowing in insuring consumers against both short-term healthcare expenses and longer-term changes in health status. Examining different combinations of firms’ ability to commit to long-term contracts, consumers’ access to credit markets, and the availability of termination fees helps to highlight sources of inefficiency.

Suggested Citation

  • Wiseman, Thomas, 2018. "Competitive long-term health insurance," Journal of Health Economics, Elsevier, vol. 58(C), pages 144-150.
    • Handle: RePEc:eee:jhecon:v:58:y:2018:i:c:p:144-150
    DOI: 10.1016/j.jhealeco.2018.02.006
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    References listed on IDEAS

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