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The Welfare Impact of Medicare HMOs

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Listed:
  • Robert Town
  • Su Liu

Abstract

The authors estimate the social welfare associated with the Medicare+Choice program at approximately $18.7 billion in consumer surplus and $52 billion in HMO profits from 1993 to 2000.

Suggested Citation

  • Robert Town & Su Liu, "undated". "The Welfare Impact of Medicare HMOs," Mathematica Policy Research Reports b1604dfa628e4a8c9c751a4ef, Mathematica Policy Research.
    • Handle: RePEc:mpr:mprres:b1604dfa628e4a8c9c751a4ef7bd49c3
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    File URL: https://www.mathematica.org/-/media/publications/pdfs/welimphmos.pdf
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    References listed on IDEAS

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    1. Cardell, N. Scott, 1997. "Variance Components Structures for the Extreme-Value and Logistic Distributions with Application to Models of Heterogeneity," Econometric Theory, Cambridge University Press, vol. 13(2), pages 185-213, April.
    2. Trajtenberg, Manuel, 1989. "The Welfare Analysis of Product Innovations, with an Application to Computed Tomography Scanners," Journal of Political Economy, University of Chicago Press, vol. 97(2), pages 444-479, April.
    3. David M. Cutler & Sarah J. Reber, 1998. "Paying for Health Insurance: The Trade-Off between Competition and Adverse Selection," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(2), pages 433-466.
    4. Austan Goolsbee & Amil Petrin, 2001. "The Consumer Gains from Direct Broadcast Satellites and the Competition with Cable Television," NBER Working Papers 8317, National Bureau of Economic Research, Inc.
    5. Michael Chernew & Gautam Gowrisankaran & Dennis P. Scanlon, 2002. "Learning and the Value of Information: The Case of Health Plan Report Cards," Working Paper Series 2002-17, Federal Reserve Bank of San Francisco.
    6. John Cawley & Michael Chernew & Catherine McLaughlin, 2005. "HMO Participation in Medicare+Choice," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 14(3), pages 543-574, September.
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