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Published on: December 11, 2016
The Impact of Medicare Part D on Self-Employment
Jeremy G Moulton1, Jeffrey C Diebold2, John C Scott1
11 Department of Public Policy, University of North Carolina, Chapel Hill, NC, USA.
Abstract:
We explore the relationship between access to affordable health insurance and self-employment using exogenous variation from the introduction of Medicare Part D that reduced the out-of-pocket cost of prescription drugs and improved health outcomes in a difference-in-differences model using the American Community Survey. We find that our treatment group of individuals aged 65-69 were 0.5 percentage points (or 5%) more likely to be self-employed in relation to a control group aged 60-64.
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