TABLE V.
Conditional Logit Analysis of Plan Selection for Wisconsin Follow-up Survey Respondents
| 2007 Plan | 2007 Plan | 2008 Plan | |
|---|---|---|---|
| (1) | (2) | (3) | |
| β1: 2007 consumer cost/1,000 | −1.18 (0.75) | −1.78 (1.05) | −1.63 (0.88) |
| β2: 2007 (consumer cost/10,000)2 | 7.69 (6.99) | 13.85 (8.90) | 14.52 (7.63) |
| β3: 2007 lowest-cost plan | 0.46 (0.60) | 0.34 (0.80) | −0.46 (0.73) |
| β4: 2007 consumer cost/1,000 * intervention | −1.46 (0.94) | −1.10 (1.25) | 0.11 (1.11) |
| β5: 2007 (consumer cost/10,000)2 * intervention | 6.92 (8.53) | 4.91 (10.68) | −10.33 (10.95) |
| β6: 2007 lowest-cost plan * intervention | 1.16 (0.68) | 1.71 (0.89) | 3.04* (0.82) |
| N | 12719 | 7101 | 7101 |
| Sample limited to 2008 follow-up survey respondents | No | Yes | Yes |
| p-value on H0: β4 = β5= 0 | 0.09 | 0.41 | 0.15 |
| p-value on H0: β4 = β5 = β6 = 0 | 0.00 | 0.02 | 0.00 |
Notes. Conditional logit models estimated with individual fixed effects, as in equation (6). Additional coefficients not shown in the table were estimated for the 2006 choice and for each plan; the estimation sample is therefore limited to plans selected by at least 2 individuals in the sample and to individuals choosing a plan selected by at least two individuals. 7 observations with predicted consumer costs > $20k were dropped. Column 1 uses the 2007 follow-up survey respondents, with 401 individuals, 32 plans, and 113 missing cost observations. Columns 2 and 3 use the 2008 follow-up survey respondents, with 265 individuals, 27 plans, and 54 missing cost observations. Standard errors are in parentheses.
p-value < 0.05.