How much choice is too much? The case of the Medicare prescription drug benefit.

ABSTRACT:

Objective

To study the impact of the number of choices and age on measures of performance in choosing a Medicare prescription drug plan.

Data source/study setting

One hundred ninty-two healthy individuals age 18 and older, half age 65 or older, in Claremont, California.

Study design

Participants were randomly assigned to 3, 10, or 20 hypothetical drug plans and asked four factual questions. Statistical models controlled for experimental group, age, gender, race, education, income, marital status, and health status.

Primary findings

Older age and greater number of plans were significantly associated with fewer correct answers. Although older adults were less likely to identify the plan that minimized total annual cost, they were more likely to state that they we

SUBMITTER: Hanoch Y 

PROVIDER: S-EPMC2739022 | biostudies-literature | 2009 Aug

REPOSITORIES: biostudies-literature