Sinking, Swimming, or Learning to Swim in Medicare Part D.

  title={Sinking, Swimming, or Learning to Swim in Medicare Part D.},
  author={Jonathan D. Ketcham and Claudio Lucarelli and Eugenio J. Miravete and M. Christopher Roebuck},
  journal={The American economic review},
  volume={102 6},
Under Medicare Part D, senior citizens choose prescription drug insurance offered by numerous private insurers. We examine nonpoor enrollees' actions in 2006 and 2007 using panel data. Our sample reduced overspending by $298 on average, with gains by 81 percent of them. The greatest improvements were by those who overspent most in 2006 and by those who switched plans. Decisions to switch depended on individuals' overspending in 2006 and on individual-specific effects of changes in their current… CONTINUE READING
Highly Cited
This paper has 202 citations. REVIEW CITATIONS

From This Paper

Figures, tables, and topics from this paper.


Publications citing this paper.
Showing 1-10 of 54 extracted citations

Strategic Formulary Design in Medicare Part D Plans.

American economic journal. Economic policy • 2018
View 2 Excerpts
Highly Influenced

202 Citations

Citations per Year
Semantic Scholar estimates that this publication has 202 citations based on the available data.

See our FAQ for additional information.


Publications referenced by this paper.
Showing 1-10 of 30 references

Psychology and Economics : Evidence from the Field

Stefano DellaVigna UC Berkeley
View 5 Excerpts
Highly Influenced

Providing prescription drug coverage to the elderly: America's experiment with Medicare Part D.

The journal of economic perspectives : a journal of the American Economic Association • 2008
View 4 Excerpts
Highly Influenced

Alzheimer's disease.

The New England journal of medicine • 2010
View 2 Excerpts

Part D Plan Availability in 2011 and Key Changes Since 2006.

J. Hoadley, J. Cubanski, E. Hargrave, L. Summer, T. Neuman
The Henry J. Kaiser Family Foundation • 2010

Why Does the Law of One Price Fail? An Experiment with Mutual Funds.

J. Choi, D. Laibson, B. Madrian
Review of Financial Studies, • 2010
View 1 Excerpt