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State Health Insurance Regulations and the Price of High-Deductible Policies
Amanda E Kowalski1, William J Congdon2, Mark H Showalter3
1National Bureau of Economic Research.
Abstract:
This study examines the impact of state regulations on the price of high-deductible family and individual polices in the non-group market. We use a unique and rich data set on actual insurance policies sold through a large internet health insurance distributor to examine the impact of various regulations on policy prices controlling for policy characteristics, demographic characteristics of the purchasers, and state-level demographics. We also use data from a single major insurance firm which provided offer prices for a family policy from a set of randomly selected zip codes. Both datasets suggest a strong statistical relationship between regulation and insurance prices.
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