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

@article{Ketcham2012SinkingSO,
  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},
  year={2012},
  volume={102 6},
  pages={
          2639-73
        }
}
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
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