Revisiting Offsets of Psychotherapy Coverage

Publikation: Working paperForskning

Standard

Revisiting Offsets of Psychotherapy Coverage. / Serena, Benjamin Ly.

2021.

Publikation: Working paperForskning

Harvard

Serena, BL 2021 'Revisiting Offsets of Psychotherapy Coverage'. <https://ssrn.com/abstract=3797764>

APA

Serena, B. L. (2021). Revisiting Offsets of Psychotherapy Coverage. CEBI Working Paper Series Nr. 05/21 https://ssrn.com/abstract=3797764

Vancouver

Serena BL. Revisiting Offsets of Psychotherapy Coverage. 2021 mar 4.

Author

Serena, Benjamin Ly. / Revisiting Offsets of Psychotherapy Coverage. 2021. (CEBI Working Paper Series; Nr. 05/21).

Bibtex

@techreport{3e90c61566524906a50c9502b2291ae3,
title = "Revisiting Offsets of Psychotherapy Coverage",
abstract = "Mental illness is a leading cause of disability worldwide with vast costs to society. Yet, insurance coverage for effective treatments remains limited. This paper revisits the Offset Hypothesis, which claims insurance coverage for psychotherapy is self-financing through reductions in the use of other health care services and improved labor market outcomes. I study a 2008 reform of the Danish public health care system that introduced 60 percent coverage of the cost of psychotherapy for depression and anxiety patients below age 38. Using Regression Discontinuity and Difference-in-Difference designs, I show that psychotherapy coverage reduces the use of other mental health services, physical health care and suicide attempts, but does not impact employment, sick leave or disability pension receipt. Still, the reduction in health care costs is sufficiently large to finance the policy. This suggests mental health coverage is both welfare improving and cost reducing.",
keywords = "mental health, health insurance, health care, offset, labor market",
author = "Serena, {Benjamin Ly}",
year = "2021",
month = mar,
day = "4",
language = "English",
series = "CEBI Working Paper Series",
number = "05/21",
type = "WorkingPaper",

}

RIS

TY - UNPB

T1 - Revisiting Offsets of Psychotherapy Coverage

AU - Serena, Benjamin Ly

PY - 2021/3/4

Y1 - 2021/3/4

N2 - Mental illness is a leading cause of disability worldwide with vast costs to society. Yet, insurance coverage for effective treatments remains limited. This paper revisits the Offset Hypothesis, which claims insurance coverage for psychotherapy is self-financing through reductions in the use of other health care services and improved labor market outcomes. I study a 2008 reform of the Danish public health care system that introduced 60 percent coverage of the cost of psychotherapy for depression and anxiety patients below age 38. Using Regression Discontinuity and Difference-in-Difference designs, I show that psychotherapy coverage reduces the use of other mental health services, physical health care and suicide attempts, but does not impact employment, sick leave or disability pension receipt. Still, the reduction in health care costs is sufficiently large to finance the policy. This suggests mental health coverage is both welfare improving and cost reducing.

AB - Mental illness is a leading cause of disability worldwide with vast costs to society. Yet, insurance coverage for effective treatments remains limited. This paper revisits the Offset Hypothesis, which claims insurance coverage for psychotherapy is self-financing through reductions in the use of other health care services and improved labor market outcomes. I study a 2008 reform of the Danish public health care system that introduced 60 percent coverage of the cost of psychotherapy for depression and anxiety patients below age 38. Using Regression Discontinuity and Difference-in-Difference designs, I show that psychotherapy coverage reduces the use of other mental health services, physical health care and suicide attempts, but does not impact employment, sick leave or disability pension receipt. Still, the reduction in health care costs is sufficiently large to finance the policy. This suggests mental health coverage is both welfare improving and cost reducing.

KW - mental health

KW - health insurance

KW - health care

KW - offset

KW - labor market

M3 - Working paper

T3 - CEBI Working Paper Series

BT - Revisiting Offsets of Psychotherapy Coverage

ER -

ID: 258082335