The role of consumer knowledge of insurance benefits in the demand for preventive health care among the elderly

Health Economics
Stephen T ParenteJoan DaVanzo

Abstract

In 1992, the United States Centers for Medicare and Medicaid Services (CMS) introduced new insurance coverage for two preventive services--influenza vaccinations and mammograms. Economists typically assume transactions occur with perfect information and foresight. As a test of the value of information, we estimate the effect of consumer knowledge of these benefits on their demand. Treating knowledge as endogenous in a two-part model of demand, we find that consumer knowledge has a substantial positive effect on the use of preventive services. Our findings suggest that strategies to educate the insured Medicare population about coverage of preventive services may have substantial social value.

References

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Citations

Jun 12, 2013·International Journal of Health Care Finance and Economics·Chun-Chih ChenYing-Tzu Lin
Aug 3, 2006·Journal of General Internal Medicine·David H HowardJulie A Gazmararian
Jul 26, 2012·Health Economics Review·Ansgar Wuebker
Oct 24, 2014·Health Economics·Christian Schmid
Aug 30, 2008·Health Economics·Yuriy Pylypchuk, Julie Hudson
Oct 10, 2015·Health Economics·Robert Nuscheler, Kerstin Roeder
Jun 22, 2014·American Journal of Preventive Medicine·Nora B HenriksonDavid C Grossman
Nov 7, 2014·Asian Pacific Journal of Cancer Prevention : APJCP·Xiao-Hua YeYa Xu
Apr 17, 2014·International Journal of Infectious Diseases : IJID : Official Publication of the International Society for Infectious Diseases·Li ZhangQuanyi Wang
Jul 7, 2016·Health Economics·Jürgen Maurer, Katherine M Harris
Aug 23, 2016·The Journal of Rural Health : Official Journal of the American Rural Health Association and the National Rural Health Care Association·Santana D VanDyke, Madelynn D Shell
Jun 12, 2016·International Journal of Health Services : Planning, Administration, Evaluation·Wei-Hua Tian
Oct 16, 2010·Health Economics·Hendrik Schmitz, Ansgar Wübker
Aug 11, 2020·Medical Decision Making : an International Journal of the Society for Medical Decision Making·Amnon Maltz, Adi Sarid
May 25, 2021·Journal of General Internal Medicine·Brian F YagiRenuka Tipirneni

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