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Previous evidence shows that better insurance coverage increases medical expenditure. However, formal studies on the effect of spending on health outcomes, and especially mental health, are lacking. To fill this gap, we reanalyze data from the Rand Health Insurance Experiment and estimate a...
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the other predictors. This minimises the need for programming as the estimation itself can be completed using existing EEE … software programs. The new model and its estimation procedure are illustrated through an empirical example focused on how …
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