Table 5.
Price Elasticities of Demand for Coverage by Workers with Group Offer for Change in Premium for Individual Coverage
| Census Data Estimates | NHIS Data Estimates | |||
|---|---|---|---|---|
| Semi-elasticity (a) | Elasticity (b) | Semi-elasticity (a) | Elasticity (b) | |
| Poor: Family income below 200 percent poverty | ||||
| Individual coverage | −0.007 | −0.310 | 0.000 | 0.017 |
| Own group coverage | 0.007 | 0.006 | 0.006 | 0.007 |
| Uninsured | 0.000 | 0.021 | −0.006 | −0.060 |
| Middle-income: Family income 200–400 percent poverty | ||||
| Individual coverage | −0.006 | −0.270 | 0.002 | 0.069 |
| Own group coverage | −0.009 | −0.013 | −0.011 | −0.012 |
| Uninsured | 0.015 | 0.155 | 0.009 | 0.084 |
| High income: Family income over 400 percent poverty | ||||
| Individual coverage | −0.001 | −0.313 | −0.001 | −0.034 |
| Own group coverage | 0.018 | 0.018 | 0.018 | 0.020 |
| Uninsured | −0.017 | −0.075 | −0.017 | −0.153 |
a
Percentage point change in probaility for percent change in price, evaluated at overall participation rates of .023 individual coveragee, .867 group coverage, .11 uninsured.
b
Percent change in probability given percent change in price, evaluated at overall participation rates.