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You searched for: label/adverse selection

…for adverse selection. AB P.S. Another way to think of adverse selection is as follows: imagine that the cost estimates of adding a Managed Medicare with drug coverage would be…

Is Douglas Holtz-Eakin still an economist?

…Hazard**). This leaves the older workers, who no longer get a decent deal from their employer, to find something in the marketplace. Gosh, guess what happens when your selection group…

The contrarian addiction

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

Why be normal

Robert Waldmann is commenting on a comment at Mark Thoma’s blog. The comment NotMarkT ha detto… One of the difficulties with model selection for assessing tail probabilities is that the…

The Overpayment of Medicare Advantage

…or less the same as average spending for patients in Traditional Medicare. This is not the case. MA plans benefit from “favorable selection,” where the beneficiaries who join MA plans…

Position Pay Incentives Can Backfire

…retain top talent and keep profits climbing. Yet despite its widespread popularity, this approach has a critical blind spot. It assumes that steepening incentives always leads to better employee selection—that…

Medicare Advantage

…report from the Center of American Progress (CAP), insurance companies used upcoding (making their policy holders appear sicker than they really are for more compensation) and selection bias (private companies gearing plans…