How do insurance firms respond to financial risk sharing regulations? Evidence from the Affordable Care Act.
Many insurance markets have reinstated premium stabilization programs to ensure financial protection from market volatility. In this paper, we focus on one such regulation-risk corridors (RCs)-in the context of the Health Insurance Marketplaces established under the Affordable Care Act. We develop a...
| Publicado en: | Health Economics Vol. 30; no. 6; pp. 1443 - 1461 |
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| Autores principales: | , , , , , |
| Formato: | Journal Article |
| Publicado: |
Wiley-Blackwell
Jun2021
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ccm&AN=150428038&site=ehost-live header: @attributes: shortDbName: ccm uiTerm: 150428038 longDbName: CINAHL Complete uiTag: AN controlInfo: bkinfo: dissinfo: jinfo: jid: 10579230 O82 jtl: Health Economics issn: 10579230 maglogo: Y pubinfo: dt: Jun2021 vid: 30 iid: 6 pid: 480 pub: Wiley-Blackwell place: Malden, Massachusetts artinfo: ui: 150428038 149563874 150428038 NLM33797143 10.1002/hec.4252 NLM33797143 150428038 ppf: 1443 ppct: 18 formats: tig: atl: How do insurance firms respond to financial risk sharing regulations? Evidence from the Affordable Care Act. aug: au: Sacks, Daniel W. Vu, Khoa Huang, Tsan‐Yao Karaca‐Mandic, Pinar Huang, Tsan-Yao Karaca-Mandic, Pinar affil: Department of Business Economics and Public Policy, Kelley School of Business, Indiana University, Indiana,, USA sug: subj: Patient Protection and Affordable Care Act Health Insurance Exchanges Insurance Carriers Risk Management United States Insurance Coverage Insurance, Health ab: Many insurance markets have reinstated premium stabilization programs to ensure financial protection from market volatility. In this paper, we focus on one such regulation-risk corridors (RCs)-in the context of the Health Insurance Marketplaces established under the Affordable Care Act. We develop a model to show how the program provided incentives for some insurers to lower their premiums. The RCs program was defunded unexpectedly for coverage year 2016, before its legislated end in 2016. Consistent with the model, we find that making a RCs claim before the program ended is associated with higher premium growth after the program's demise. The model and empirical evidence are consistent with the view that the end of the RCs program contributed to premium growth in the Marketplaces. pubtype: Academic Journal doctype: Journal Article ougenre: Article language: English refInfo: holdings: @attributes: islocal: N |
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