Table 3.
Marginal Probabilities and Elasticities
| Elasticity / Probability | |||
|---|---|---|---|
| Variable | Within M+C | M+C / FFS | Total |
| Within Nest Choice | |||
| Out-of-pocket premium | −0.124 | −0.010 | −0.134 |
| Total premium | −3.874 | −0.691 | −4.565 |
| Drug benefit | 0.437 | 0.035 | 0.472 |
| Vision benefit | 0.017 | 0.001 | 0.018 |
| Any mental health copayment | −0.021 | −0.002 | −0.023 |
| M+C / FFS Choice | |||
| County Medigap premium | — | 0.209 | 0.209 |
| Age | — | −0.531 | −0.531 |
| Self-rated health | — | −0.167 | 0.167 |
| Income over $20,000 | — | −0.280 | −0.280 |
| Number of chronic illnesses | — | 0.543 | 0.543 |
| Married? | — | 0.139 | 0.139 |