Risk attitudes and Medicare Part D enrollment decisions

Authors:
  • SVStefan Vetter
    Stefan Vetter
  • FHFlorian Heiss
    Florian Heiss
  • DMDaniel L. McFadden
    Daniel L. McFadden
  • JWJoachim Winter
    Joachim Winter
Preprint
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  • 1 January 2013
Abstract
In this study we investigate if risk attitudes explain non-enrollment into Medicare Part D. We find that respondents who are risk-tolerant as measured by the willingness-to-pay for a hypothetical insurance were significantly less likely to enroll in Part D.