Table 7.
Multinomial logit models estimated with combined real and hypothetical choice data
| (3) | (4) | (5) | |
|---|---|---|---|
| Premium | −0.0545*** (0.00429) |
−0.0647*** (0.00603) |
−0.0762*** (0.00600) |
| Insurance | 1.416*** (0.187) |
1.378*** (0.240) |
0.980*** (0.229) |
| Insurance * Hypothetical | 1.296*** (0.338) |
||
| No deductible | 1.002*** (0.116) |
1.555*** (0.220) |
1.123*** (0.201) |
| No deductible * Hypothetical | 0.574 (0.445) |
||
| Gap coverage (generics) | 0.147 (0.190) |
0.0989 (0.197) |
0.184 (0.262) |
| Gap coverage (brand-name drugs) | 0.754*** (0.104) |
1.163*** (0.292) |
1.565*** (0.392) |
| Gap coverage (brand-name) * Hypothetical | −0.410 (0.451) |
||
| Drug tiers | −1.372*** (0.121) |
−1.666*** (0.178) |
−0.927*** (0.217) |
| Top 100 drugs uncovered | −0.136*** (0.0177) |
−0.119*** (0.0179) |
−0.109*** (0.0165) |
| Top 100 with authorization | −0.104*** (0.0138) |
−0.0982*** (0.0153) |
−0.0789*** (0.0147) |
| Heteroskedasticity Parameter | −0.762*** (0.237) |
−0.860*** (0.252) |
|
| Observations | 22,997 | 22,997 | 22,997 |
| Number of groups | 1,613 | 1,613 | 1,613 |
| log likelihood | −2781 | −2771 | −2757 |
Robust standard errors in parentheses, SE are clustered by respondent
p<0.01,
p<0.05,
p<0.1