Cutler considers the rationale and economic effects of allowing supplemental medical insurance to exist. Countries may allow three types of insurance supplements: insurance for uncovered services, which most countries allow; insurance to pay for cost sharing under the standard government insurance plan, which some countries allow but others do not; and insurance that allows people to jump to the front of queues, again allowed in some countries but prohibited in others. In the United States, insurance to pay for cost sharing under Medicare is common. Cutler shows that such insurance raises Medicare spending by up to one-third.
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|Title Annotation:||supplemental medical insurance|
|Article Type:||Brief Article|
|Date:||Mar 22, 2000|