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Full-Text Articles in Insurance

Modeling The "Pseudodeductible" In Insurance Claims Decisions, Michael Braun, Peter S. Fader, Eric T. Bradlow, Howard Kunreuther Aug 2006

Modeling The "Pseudodeductible" In Insurance Claims Decisions, Michael Braun, Peter S. Fader, Eric T. Bradlow, Howard Kunreuther

Marketing Papers

In many different managerial contexts, consumers “leave money on the table” by, for example, their failure to claim rebates, use available coupons, and so on. This project focuses on a related problem faced by homeowners who may be reluctant to file insurance claims despite the fact their losses are covered. We model this consumer decision by introducing the concept of the “pseudodeductible,” a latent threshold above the policy deductible that governs the homeowner’s claim behavior. In addition, we show how the observed number of claims can be modeled as the output of three stochastic processes that are separately, and ...


Is Health Insurance Affordable For The Uninsured?, M Kate Bundorf, Mark V. Pauly Phd Jul 2006

Is Health Insurance Affordable For The Uninsured?, M Kate Bundorf, Mark V. Pauly Phd

Health Care Management Papers

In this paper, we investigate the meaning of “affordability” in the context of health insurance. Assessing the relationship between the affordability of coverage and the large number of uninsured in the U.S. is important for understanding the barriers to purchasing coverage and evaluating the role of policy in reducing the number of uninsured. We propose several definitions of affordability and examine the implications of alternative definitions for estimates of the proportion of uninsured who are unable to afford coverage. We find that, depending on the definition, health insurance was affordable to between one-quarter and three-quarters of the uninsured in ...


The Growth In The Social Security Disability Rolls: A Fiscal Crisis Unfolding, David H. Autor, Mark Duggan Jan 2006

The Growth In The Social Security Disability Rolls: A Fiscal Crisis Unfolding, David H. Autor, Mark Duggan

Health Care Management Papers

The U.S. Social Security Disability Insurance (DI) program has grown dramatically over the last 20 years in size and expense. This growth poses significant risks to the finances of the DI program and the broader Social Security system, and raises troubling questions as to whether the program is being misused by claimants. This article first provides an overview of the Disability Insurance program, describing who qualifies for the program, how an individual applies for benefits and how the level of benefits is determined. Next, we summarize the factors responsible for the growth in the DI rolls and discuss how ...