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The
Economic Freedom
Network
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Table 3: Predicted average annual use of medical
services for a standard population
| Plan |
Probability
of any medical use, excluding dental (%) |
Medical
expenses per person, excluding dental ($1991) |
Total
spending as percent of free plan |
|
|
mean |
t vs. free |
mean |
t vs.
free |
|
|
| Free |
86.7 (0.67) |
--- |
1,019 (43) |
--- |
100% |
| 25 percent |
78.8 (0.99) |
-6.69 |
826 (38) |
-4.05 |
81% |
| 50 percent |
74.3 (1.86) |
-6.33 |
764 (43) |
-4.91 |
75% |
| 95 percent |
68.0 (1.48) |
-11.57 |
700 (35) |
-6.74 |
67% |
| Individual deductible |
72.6 (1.14) |
-10.69 |
817 (45) |
-3.78 |
80% |
|
Source: Newhouse et al. 1993:
44.
Note: Standard errors in parentheses, ( ). Estimates are predicted from a
four-equation model developed by Duan et al. 1982, 1984. The difference in expenses
between the 25 percent and 50 percent plans is significant at the 5 percent level (t
= 1.97) and between the 50 percent and 95 percent plans is significant at the 6 percent
level (t = 1.93) |
info@fraserinstitute.ca
You can contact us at the above email address for any comments or information requests. Please report any dead links or technical problems.
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Last Modified: Wednesday, October 20, 1999.
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