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Title: Regulatory Redistribution in the Market for Health Insurance

Citation Type: Miscellaneous

Publication Year: 2010

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Abstract: In the early 1990s, several states significantly compressed premiums in their private insurance markets, generating within-market transfers from the healthy to the sick. Private coverage in these markets fell 7-11 percentage points more than in comparable markets during subsequent years, but had recovered by the early 2000s. The recoveries were coincident with substantial public insurance expansions (for unhealthy adults, pregnant women, and children) and were largest in the markets where public coverage of unhealthy adults expanded the most. I show why, absent substantial public coverage of the sick, strict premium regulations significantly distort insurance markets in which purchases are voluntary.

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Authors: Clemens, Jeffrey

Publisher: Harvard University

Data Collections: IPUMS CPS

Topics: Health

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