Improving Consumer Decision-Making in U.S. Health Insurance Markets: A Behavioral Economics Approach
November 12, 2018
Improving Consumer Decision-Making in U.S. Health Insurance Markets: A Behavioral Economics Approach
Many Americans face a daunting number of health insurance options and nearly all evidence indicates that they are not able to make choices that are in their best interests. Behavioral economics posits that limiting choices and simplifying information can improve consumer welfare. Evidence from some recent experiments are presented by Thomas Rice.
Thomas Rice
Professor, Department of Health Policy and Management, UCLA Fielding School of Public Health
Associate Director (United States) of the NAO