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Medicare and Patient Outcomes
The dataset data1.dta contains information on 3,025 people ages 55-74 in 1963 and 1970. You will use it to generate evidence on what Medicare did when it began and how that may have affected private insurance markets.
Using what you know about who Medicare covers and when it began, make a diff-in-diff table that shows how you would analyze this policy. What is Z?
Make a table with showing 8 DD effects for:
- Having No Regular Source of Care
- Seeing Physician Last Year
- Having Any Prescription Drug Expenditures
- Having Any OOP Prescription Drug Expenditures
- Reporting Excellent or Good Health
- Total Expenditures
- Out of Pocket Expenditures
- Out of Pocket Expenditures as a Share of Income
Now make a dummy variables for OOP spending greater than: 0, 100, 500, 1000, and 5000. Make another table of DD estimates using these variables as the outcome.
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