ArticleAmerican economic journal. Applied economics2016
Beyond Statistics: The Economic Content of Risk Scores.
Article in American economic journal. Applied economics, 2016. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 8 papers.
What it found
Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.
The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
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Who cites it
8 citing papers in PubMed.
- A Novel Machine Learning Algorithm for Creating Risk-Adjusted Payment Formulas.JAMA health forum · 2024Article
- VOLUNTARY REGULATION: EVIDENCE FROM MEDICARE PAYMENT REFORM.The quarterly journal of economics · 2022Article
- Upcoding: Evidence from Medicare on Squishy Risk Adjustment.The journal of political economy · 2020Article
- Screening in Contract Design: Evidence from the ACA Health Insurance Exchanges.American economic journal. Economic policy · 2019Article
- Private provision of social insurance: drug-specific price elasticities and cost sharing in Medicare Part D.American economic journal. Economic policy · 2018Article
- Aligning policy objectives and payment design in palliative care.BMC palliative care · 2018Review
- Predicting later life health status and mortality using state-level socioeconomic characteristics in early life.SSM - population health · 2016Article
- Selection in Health Insurance Markets and Its Policy Remedies.The journal of economic perspectives : a journal of the American Economic AssociationArticle
Corrections and comments
PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.
Authors and funding
4 authors.
Funding
Abstract
"Big data" and statistical techniques to score potential transactions have transformed insurance and credit markets. In this paper, we observe that these widely-used statistical scores summarize a much richer heterogeneity, and may be endogenous to the context in which they get applied. We demonstrate this point empirically using data from Medicare Part D, showing that risk scores confound underlying health and endogenous spending response to insurance. We then illustrate theoretically that when individuals have heterogeneous behavioral responses to contracts, strategic incentives for cream skimming can still exist, even in the presence of "perfect" risk scoring under a given contract.
Identifiers
What OpenQuestion holds
Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.