Table 8.

Announcement effects for drug insurance coverage.

Dependent variable:	I(Drug-insured = 1)
	All drug insured		Employer sponsored insurance	Self-purchased private (excl. Medigap)	Medigap	Private HMO	Medicare HMO
	(1)	(2)	(3)	(4)	(5)	(6)	(7)
Announce	−0.0317***	−0.0365***	−0.0035	0.0235**	−0.0203***	0.0144	−0.0158***
	(0.010)	(0.011)	(0.013)	(0.009)	(0.007)	(0.010)	(0.005)
t	0.0179***	0.0190***	0.0073	−0.0079**	0.0079***	−0.0118***	0.0055***
	(0.004)	(0.004)	(0.005)	(0.003)	(0.002)	(0.004)	(0.002)
Excluding Medicaid beneficiaries	N	Y	Y	Y	Y	Y	Y
Observations	16,876	14,981	14,981	14,981	14,981	14,981	14,981

Notes:

^***p < 0.01

^**p < 0.05

^*p < 0.1.

Clustered standard errors at the person level. The regressions are weighted and include a full set of control variables. The coefficients are from an OLS regression of an indicator for drug insurance (for each type of drug insurance) on the announcement indicator and a linear time trend. MCBS 2001–2005.