Table 2. Effects of Medicaid Policies: Basic Specification.
| Variable | Model 1 | Model 2 | Model 3 | Model 4 | Model 5 |
|---|---|---|---|---|---|
| Spend-down provision | −0.0001 (0.0007) | 0.0024 (0.0040) | −0.00001 (0.0007) | 0.0008 (0.0005) | −0.0003 (0.0010) |
| Income test ($10,000s) | −0.0005 (0.0029) | 0.0160 (0.0123) | −0.0005 (0.0029) | 0.0025 (0.0023) | −0.0008 (0.0030) |
| Asset test ($10,000s) | −0.0014 (0.0012) | −0.0124 (0.0099) | −0.0009 (0.0011) | −0.0003 (0.0016) | 0.0008 (0.0010) |
| Spousal asset test ($100,000s) | −0.00003 (0.0012) | 0.0003 (0.0049) | −0.0001 (0.0012) | −0.0007 (0.0013) | 0.0007 (0.0011) |
| Medicaid payment rate ($100s) | −0.0002 (0.0017) | −0.0082 (0.0143) | −0.0001 (0.0018) | 0.0009 (0.0018) | −0.0005 (0.0026) |
| CON or Moratorium | −0.0007 (0.0006) | −0.0062 (0.0026) | −0.0006 (0.0007) | −0.0008 (0.0009) | −0.0015 (0.0012) |
| Beds per 100 elderly | 0.0006 (0.0003) | 0.0036 (0.0020) | --- | 0.0007 (0.0003) | 0.0006 (0.0008) |
| Includes health/income | Y | Y | Y | Y | |
| State-specific time trends | Y | ||||
| Nursing Home Outcome | Use | Use | Use | Entry | Use |
| Wald test (prob > chi2) | 5.48 (0.60) | 11.33 (0.12) | 1.57 (0.95) | 11.42 (0.12) | 5.35 (0.62) |
|
| |||||
| N | 23,630 | 24,079 | 23,630 | 11,984 | 23,630 |
Notes: All models adjust for age, gender, marital status, race/ethnicity, and the number of children and include state, year and year *marriage fixed effects. Estimates are generated with a probit model and marginal effects are presented with standard errors in parentheses. The Wald test includes all the policy variables in the model specification.