Health

Quality Disclosure and Regulation: Scoring Design in Medicare Advantage

(Conditionally Accepted at Econometrica)

Asymmetric information and market power distort quality provision. Simple scores coordinate consumers on higher quality, marshaling their demand to offset producer market power.

Vertical Integration and Plan Design in Healthcare Markets

With Jose Ignacio Cuesta and Carlos Noton

Hospital-insurer integration leads to skewed plan generosity, harming hospital competition, increasing prices and premiums, and offsetting the gains from reduced double marginalization