Preferred Pharmacies in Medicare Part D

Medicare Part D plans have begun using preferred pharmacy networks in order to steer their beneficiaries to lower cost pharmacies. A key question is, does this work? A paper by Xu et al. (2022) aims to answer this question using 2011-2016 data. that compares Low Income Subsidy (LIS) Medicare beneficiaries and non-LIS beneficiaries. LIS beneficiaries…

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Operation Warp Speed for nasal COVID-19 vaccines? End of the airplane mask mandate? How should you think of copay coupons? Does access to affordable housing reduce child abuse? “Increased substance abuse accounts for between 9 and 26 percent of the decline in prime-age labor-force participation between February 2020 and June 2021”

When is full health insurance not optimal

In many markets, however, we observe that lower income individuals do not purchase the most generous forms of health insurance. For instance, despite the passage of the Affordable Care Act–which provided subsidies to lower income individuals to purchase relatively generous insurance–some individuals preferred the less generous Association Health Plans (AHPs) also known as “skinny” health…

Benefits of a Healthy Workforce

That is the title of a recent FTI Journal article from my colleague Margaret E. Guerin-Calvert, the President, of FTI Consulting’s Center for Healthcare Economics and Policy. An excerpt is below. Indeed, pre-pandemic data collected by FTI Consulting’s Center for Healthcare Economics and Policy for two metropolitan areas, Buffalo and Nashville, portends trouble. Just three chronic conditions…

Oleg Itskhoki wins Clark Medal

The 2022 winner of the John Bates Clark medal is Oleg Itskhoki. Each year, the medal goes to the American economist under the age of 40 who made the most significant contribution to economic thought and knowledge. Below is a summary of his research from the American Economic Association (AEA) website. One key finding is…