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Salience, Myopia, and Complex Dynamic Incentives: Evidence from Medicare Part D

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NBER2015-04-01 更新2025-01-04 收录
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The standard Medicare Part D drug insurance contract is nonlinearwith reduced subsidies in a coverage gapresulting in a dynamic purchase problem. We consider enrollees who arrived near the gap early in the year and show that they should expect to enter the gap with high probability, implying that,

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2015-04-01
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