We thank the ERIU for grant support. In addition, we thank participants at two ERIU conferences and at the November 2003 NBER health care program meeting for their comments. All errors remain the authors'.

Conducted October 9-27, 2013, the Commonwealth Fund Affordable Care Act Tracking Survey interviewed a nationally representative sample of adults who are potentially eligible for the health reform law's new insurance coverage options, whether private plans or expanded Medicaid. Among the survey's key findings: 60 percent of potentially eligible adults are aware of the new marketplaces as a place...

The scope of this paper is to analyse duration as a risk measure of life insurance liabilities from traditional life insurance products using a simple model to assess the problem. First, the liabilities are defined. Then the concept of Macauley duration as a measure for interest rate risk with respect to life insurance liabilities is derived. This concept is discussed with respect to its useful...

This policy statement reviews the impressive progress of the State Children's Health Insurance Program since its enactment in 1997 and identifies outstanding challenges and state and federal policy recommendations. The American Academy of Pediatrics urges Congress to reauthorize SCHIP to strengthen its historic gains. The following set of recommended strategies for reauthorization pertain to fu...

Negative social exchanges have been more reliably related to psychological health than have positive social exchanges. Little research, however, has sought to understand how underlying appraisal processes link such exchanges to psychological health. This study examined the frequencies of occurrence and appraisals of four parallel domains of positive and negative exchanges in relation to positiv...

This paper focuses on the pricing of guarantees for principal-protected funds under the constant proportion portfolio insurance (CPPI) strategy and investigates how the CPPI parameters may affect guarantee prices. In addition, it assesses the fairness of the guarantee fees charged to the current principal-protected funds in China. Our research indicates that some of the funds are charged higher...