@article {14627,
	title = {Does Public Insurance Crowd Out Private Insurance?},
	journal = {Quarterly Journal of Economics},
	volume = {111},
	number = {2},
	year = {1996},
	pages = { 391-430 },
	url = {http://www.economics.harvard.edu/faculty/cutler/files/Does\%20Public\%20Insurance\%20Crowd\%20out\%20Private\%20Insurance.pdf},
	author = {David M Cutler and Jonathan Gruber}
}
@article {14626,
	title = {The Effect of Medicaid Expansions on Public Insurance, Private Insurance, and Redistribution},
	journal = { American Economic Review},
	volume = {86},
	number = {2},
	year = {1996},
	pages = {378-383},
	url = {http://www.economics.harvard.edu/faculty/cutler/files/The\%20Effect\%20of\%20Medicaid\%20Expansions\%20on\%20Public\%20Insurance,\%20Private\%20Insurance\%20and\%20Redistribution.pdf},
	author = {David M Cutler and Jonathan Gruber}
}
@inbook {14625,
	title = {Restructuring Medicare for the Future},
	booktitle = {Setting National Priorities},
	year = {1996},
	pages = {197-234},
	publisher = {The Brookings Institution},
	organization = {The Brookings Institution},
	address = {Washington, D.C.},
	url = {http://www.brookings.edu/press/Books/1996/snp.aspx},
	author = {David M Cutler and Jonathan Gruber},
	editor = {Robert Reischauer}
}
@inbook {14588,
	title = {Re-Examining the Three-Legged Stool of Retirement Income Support},
	booktitle = {Social Security: What Role for the Future?},
	year = {1996},
	pages = {125-149},
	publisher = {National Academy of Social Insurance},
	organization = {National Academy of Social Insurance},
	address = {Washington, D.C.},
	url = {http://books.google.com/books?id=pyWqAZLxzgMC\&dq=\%22social+security+what+role+for+the+future\%22\&pg=PP1\&ots=dO-R0uexz-\&sig=tSahxjN7OtRfrNhHfU1jeWGCFL0\&hl=en\&prev=http://www.google.com/search\%3Fhl\%3Den\%26q\%3Dsocial.security.what.role.for.the.future\&sa=X\&oi=},
	author = {David M Cutler},
	editor = {Peter Diamond and David Lindeman and Howard Young}
}
@unpublished {13315,
	title = {Why Don{\textquoteright}t Markets Insure Long-Term Risk?},
	year = {1996},
	abstract = {This paper examines the apparent failure of private markets to adequately insure long-term risks. I argue that the key to long-term insurance is the importance of intertemporal risk. Long-term risks are difficult to insure because much of the risk concerns variability in the average cost of services used, rather than cross-section heterogeneity in service use. When intertemporal risk is large, insurance will provide indemnity benefits rather than a service benefit, and this in turn will limit demand for insurance. Analysis of long-term care insurance supports this view. An insurer underwriting full long-term care insurance would have a standard deviation of average costs for its pool of policies of 13 percent. Full insurance is essentially non-existent, however. Rather, insurers offer an indemnity payment conditional on use. While I cannot directly test whether this indemnity payment limits demand, I show that other common theories of market failure cannot explain all of the low rate of insurance purchase.
},
	author = {David M Cutler}
}
