Transforming Health Care Through Evidence and Collaboration
Transforming Health Care Through Evidence and Collaboration

Sinking, Swimming, or Learning to Swim in Medicare Part D—American Economic Review

Jonathan D. Ketcham and his co-authors have been awarded the 19th Annual Health Care Research Award for their paper in the American Economic Review. The study shows that many Part D beneficiaries who made a non-optimal drug plan choice in their first year reduced their overspending significantly in the second year by switching plans. Beneficiaries learned quickly from past experience, evaluated what upcoming changes in plan premiums and benefits would mean to them, and were not overwhelmed by the array of choices.