Why are managed care plans less expensive : risk selection, utilization, or reimbursement?

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<title>Why are managed care plans less expensive</title>
<subTitle>: risk selection, utilization, or reimbursement?</subTitle>
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<title>The Journal of risk and insurance</title>
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<namePart>Polsky, Daniel</namePart>
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<namePart>Nicholson, Sean</namePart>
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<abstract>This article develops a new method of decomposing the cost difference between HOM and non HMO plans into observed risk selection, unobserved risk selection, utilization differences, and differences in provider reimbursement rates. We implement this method  using a large national sample of employers-sponsored health insurance enrollees from the Community Tracking Study Household Survey. We find no evidence that HMO plans attract a disproportionate share of low-risk medical expenditures per enrollee can be explained by the relatively low provider reimbursement rates paid by HMO plans. This indicates there may be little need for employers to risk adjust insurance premiums or otherwise restrict employee choice of plans types</abstract>
<note type="statement of responsibility">Daniel Polsky, Sean Nicholson</note>
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<title>The Journal of risk and insurance</title>
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<publisher>Orlando</publisher>
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<text>Volume 71, number 1, March 2004 ;  p. 21-40</text>
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