The impact of RAND's Health Insurance Experiment has been wide-reaching. The study's conclusions encouraged the restructuring of private insurance and helped increase the stature of managed care in the United States.
Apr 18, 2016
Much of what we know about the effects of cost sharing derives from the landmark RAND Health Insurance Experiment of the 1970s, which examined consumer use of care across numerous levels of cost sharing. More recent RAND research in this area has explored consumer-directed health plans, which aim to reduce spending by giving consumers options but also making them more financially invested in their care.