Does Public Insurance Crowd out Private Insurance?

Crowd-out 10 years later: have recent public insurance expansions crowded out private health insurance?

Ten years ago, Cutler and Gruber [Cutler, D., Gruber, J., 1996. Does public health insurance crowdout private insurance? Quarterly Journal of Economics 111, 391-430] suggested that crowd-out might be quite large, but much subsequent research has questioned this conclusion. Our results using improved data and methods clearly show that crowd-out is still significant in the 1996-2002 period. This ...

Does Federal Assistance Crowd Out Private Demand for Insurance?

We undertake an empirical analysis of the effect of disaster aid on the demand for insurance using a unique panel dataset from Florida. We address endogeneity using instrumental variables that exploit political influence over aid amounts. In zip-codes that receive individual assistance grants, the average insurance coverage decreases by about $17,000. When the average grant given increases by $...

Does Federal Disaster Assistance Crowd Out Private Demand for Insurance?

Established in 1984, the Wharton Risk Management and Decision Processes Center develops and promotes effective corporate and public policies for low‐probability events with potentially catastrophic consequences through the integration of risk assessment, and risk perception with risk management strategies. Natural disasters, technological hazards, and national and international security issues ...

Public-private partnerships and insurance regulation.

Public Health Insurance and Private Savings

Recent theoretical work suggests that means and asset-tested social insurance programs can explain the low savings of lower income households in the U.S. We assess the validity of this hypothesis by investigating the effect of Medicaid, the health insurance program for low income women and children, on savings behavior. We do so using data on asset holdings from the Survey of Income and Program...