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The Purchase of Medicare Supplements: A Cost Saving Mechanism in the Purchase of Physician Services
Author(s) -
WHITEMEANS SHELLEY I.
Publication year - 1988
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1988.tb00226.x
Subject(s) - business , actuarial science , health care , mechanism (biology) , marketing , finance , economics , economic growth , philosophy , epistemology
The recent concern about Medicare's limited coverage of health care costs has led many elderly to purchase Medicare supplemental policies to reduce the risk of large financial losses if a condition of debilitating health occurs. This paper examines the extent to which the purchase of supplemental policies reduces the risk of losses when physician services are purchased.