• Why are children who are eligible for free coverage uninsured?
• What behavioral economics approaches would further increase coverage?
• Why are adults who are eligible for low-cost coverage uninsured?
• What behavioral economics approaches would further increase coverage?
• How does status quo bias affect health insurance decisions?
• How does loss aversion affect health insurance decisions?
• How does decision overload affect health insurance decisions?
• How might insurance decisions be reframed to increase enrollment?
• How could enrollment in health insurance for children be further simplified?
• How could health insurance be simplified overall?
You will receive a $10,000 insurance payment in two months. If you are willing to pay for expedited handling, you can be paid in one month. Would you be willing to pay $50? $100? $200? More?
18.2 You will receive a $20,000 insurance payment in 12 months. If you are willing to accept a reduced payment, you can be paid in 11 months. Would you be willing to accept $19,800? $19,500? $19,000? Less?