Enrollment in Medicare Advantage Plans in Miami-Dade County: Evidence of Status Quo Bias?
Evidence from behavioral economics reveals that decision-making in health care settings can be affected by circumstances and choice architecture. This paper conducts an analysis of choice of private Medicare plans (Medicare Advantage plans) in Miami-Dade County. We provide a detailed description of the choice of MA plans available in Miami over much of the program's history and the composition of Medicare beneficiaries in Miami over the 2000s. Our analysis suggests that first becoming eligible for Medicare is the key transition point for MA, and that there is significant status quo bias in the MA market. This consumer behavior has important implications for policy that regulates the MA market.
|Date of creation:||Nov 2013|
|Publication status:||published as Enrollment in Medicare Advantage Plans in Miami-Dade County Evidence of Status Quo Bias? Anna D. Sinaiko, PhD, MPP1 Christopher C. Afendulis, PhD2 Richard G. Frank, PhD2 INQUIRY August 2013 vol. 50 no. 3 202-215|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
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- Strombom, Bruce A. & Buchmueller, Thomas C. & Feldstein, Paul J., 2002. "Switching costs, price sensitivity and health plan choice," Journal of Health Economics, Elsevier, vol. 21(1), pages 89-116, January.
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- Samuelson, William & Zeckhauser, Richard, 1988. "Status Quo Bias in Decision Making," Journal of Risk and Uncertainty, Springer, vol. 1(1), pages 7-59, March. Full references (including those not matched with items on IDEAS)
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