Economics, Econometrics and Finance
4 years ago

Deductibles vs. No-Claim Refunds: How Framing Impacts Healthcare Spending

SSRN Electronic Journal
Does the Framing of Patient Cost-Sharing Incentives Matter? The Effects of Deductibles vs. No-Claim Refunds
Arthur Hayen, Tobias J. Klein, Martin Salm

Paper Summary

Patient cost-sharing schemes impact healthcare spending differently based on how they are presented. Deductibles lead to stronger reactions from patients compared to no-claim refunds. This is because people see deductibles as losses and no-claim refunds as gains.

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