Table 3.
Aggregate announcement and implementation effects – heterogeneous effects.
| Panel A: Demographic characteristics | ||||||
|---|---|---|---|---|---|---|
| Dependent variable: |
Total prescriptions |
|||||
| Sub-sample: | Age 66–74 |
Age 75–85 |
< = HS Educ |
>HS Educ |
< = Median income |
>Median income |
| (1) | (2) | (3) | (4) | (5) | (6) | |
|
| ||||||
| Announce | −1.606*** | 0.157 | −1.920 ** | −1.177 | −2.204** | −0.859 |
| (0.621) | (0.592) | (0.866) | (0.876) | (0.995) | (0.879) | |
| Implement | 0.906 | 3.650*** | 1.210 | 0.548 | 0.366 | 1.317 |
| (1.115) | (1.005) | (1.584) | (1.543) | (1.721) | (1.557) | |
| t | 1.779*** | 1.368*** | 2.038*** | 1.376*** | 2.437*** | 1.058*** |
| (0.240) | (0.218) | (0.333) | (0.341) | (0.363) | (0.340) | |
| Observations | 20,072 | 21,403 | 11,352 | 8,720 | 10,384 | 9,688 |
| Panel B: Insurance status | ||||
|---|---|---|---|---|
| Dependent variable: |
Total prescriptions |
|||
| Sub-sample: | Excluding individuals with employer drug ins. |
Individuals with employer drug ins. |
||
| (1) | (2) | (3) | (4) | |
|
| ||||
| Announce | −2.159*** | −0.498 | ||
| (0.827) | (1.030) | |||
| Implement | 3.796*** | 0.998 | 1.927* | 1.277 |
| (0.986) | (1.478) | (1.080) | (1.794) | |
| t | 1.619*** | 2.262*** | 0.685** | 0.836** |
| (0.223) | (0.306) | (0.286) | (0.412) | |
| Observations | 12,760 | 12,760 | 7,312 | 7,312 |
Notes:
***
p < 0.01
**
p < 0.05
*
p < 0.1.
Clustered standard errors at the person level. Regressions are weighted and include a full set of control variables. Medicaid beneficiaries are included. Columns 3–6 in Panel A and Columns 1–4 in Panel B are estimated for the elderly aged 66–74. Median income is computed separately for each year. MCBS 2001–2006.