NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Price-Linked Subsidies and Imperfect Competition in Health Insurance

Sonia P. Jaffe, Mark Shepard

NBER Working Paper No. 23104
Issued in January 2017, Revised in April 2018

---- Acknowledgments ----

Previously circulated as "Price-Linked Subsidies and Health Insurance Markups." The authors would like to thank Amitabh Chandra, David Cutler, Leemore Dafny, David Dranove, Keith Ericson, Jerry Green, Jon Gruber, Kate Ho, Scott Kominers, Robin Lee, Neale Mahoney, Luca Maini, Tom McGuire, Ariel Pakes, Daria Pelech, Maria Polyakova, Jonathan Skinner, Amanda Starc, Pietro Tebaldi and seminar and conference participants at Boston University, Harvard economics department, Harvard Medical School, University of Chicago economics department, the NBER Health Care Program, ASHEcon (2016), IIOC (2017), and the Healthcare Markets Conference (2017) for their helpful comments. They thank the Lab for Economic Applications and Policy (LEAP) at Harvard University for funds for acquiring the data, and the Massachusetts Health Connector and its employees (especially Nicole Waickman and Marissa Woltmann) for access to and explanation of the data. The views expressed herein are our own and do not reflect those of the Connector, its affiliates, or the National Bureau of Economic Research. All mistakes are our own.

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