NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

How does Risk Selection Respond to Risk Adjustment? Evidence from the Medicare Advantage Program

Jason Brown, Mark Duggan, Ilyana Kuziemko, William Woolston

NBER Working Paper No. 16977
Issued in April 2011

---- Acknowledgements -----

We thank Richard Boylan, Doug Bernheim, Sean Creighton, David Cutler, Liran Einav, Randy Ellis, Zeke Emanuel, Gopi Shah Goda, Jonathan Gruber, Caroline Hoxby, Seema Jayachandran, Robert Kocher, Jonathan Kolstad, Amanda Kowalski, Alan Krueger, Elena Nikolova, Christina Romer, Shanna Rose, Karl Scholz, Jonathan Skinner, and Luke Stein and seminar participants at Brown, Columbia, Cornell, Harvard, Houston, Northwestern, Princeton, RAND, Rice, Stanford, Wisconsin, Yale, and the NBER Health Care meetings for helpful comments and feedback. Views expressed here are solely those of the authors and not of the institutions with which they are affiliated, nor of the National Bureau of Economic Research, and all errors are our own.

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