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PAM Joint Seminar: Erzo Luttmer, Professor of Economics, Dartmouth College

Wednesday, March 21, 2018 at 1:15pm to 2:45pm

Mann Library, 102
Cornell University Mann Library, Cornell University, Ithaca, NY 14853, USA

Erzo Luttmer, Professor of Economics, Dartmouth College

The Value of Medicaid: Interpreting Results from the Oregon Health Insurance Experiment (joint w/Amy Finkelstein & Nathaniel Hendren)

http://economics.dartmouth.edu/people/erzo-fp-luttmer

Abstract:  We develop a set of frameworks for valuing Medicaid and apply them to welfare anal­ysis of the Oregon Health Insurance Experiment, a Medicaid expansion for low-in­come, uninsured adults that occurred via random assignment. We estimate that the value of Medicaid to recipients is roughly between one-third and three-quarters of Med­icaid’s monetary transfers to the external parties who provide partial implicit insurance for the low-income uninsured. Medicaid provides value to recipients through both its expected transfer of resources and its insurance function of moving resources across states of the world. Across approaches, the insurance value to recipients varies con­siderably, but the transfer value to recipients is stable and always substantial relative to the insurance value. Whether or not the value of Medicaid to recipients exceeds its net (of monetary transfers to external parties) costs depends on the approach used.

Joint with Public Economics

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Event Type

Seminar

Departments

Economics, Policy Analysis and Management

Tags

economics, Policy Analysis and Management, EconSeminar, EconPAM, EconPublic

Website

https://www.human.cornell.edu/pam/abo...

Contact E-Mail

sw82@cornell.edu

Contact Phone

607-255-2577

Speaker

Erzo Luttmer

Speaker Affiliation

Dartmouth College

Disability Access Information

sw82@cornell.edu