Suit the action to the word, the word to the action: Hypothetical choices and real decisions in Medicare Part D.

@article{Kesternich2013SuitTA,
  title={Suit the action to the word, the word to the action: Hypothetical choices and real decisions in Medicare Part D.},
  author={Iris Kesternich and Florian Heiss and Daniel McFadden and Joachim Winter},
  journal={Journal of health economics},
  year={2013},
  volume={32 6},
  pages={1313-24}
}
In recent years, consumer choice has become an important element of public policy. One reason is that consumers differ in their tastes and needs, which they can express most easily through their own choices. Elements that strengthen consumer choice feature prominently in the design of public insurance markets, for instance in the United States in the recent introduction of prescription drug coverage for older individuals via Medicare Part D. For policy makers who design such a market, an… CONTINUE READING

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