Loewenstein, GeorgeFriedman, Joelle YMcGill, BarbaraAhmad, SarahLinck, SuzanneSinkula, StaceyBeshears, JohnChoi, James JKolstad, JonathanLaibson, DavidMadrian, Brigitte CList, John AVolpp, Kevin. G2023-05-222023-05-222013-09-012016-06-08https://repository.upenn.edu/handle/20.500.14332/2561We report results from two surveys of representative samples of Americans with private health insurance. The first examines how well Americans understand, and believe they understand, traditional health insurance coverage. The second examines whether those insured under a simplified all-copay insurance plan will be more likely to engage in cost-reducing behaviors relative to those insured under a traditional plan with deductibles and coinsurance, and measures consumer preferences between the two plans. The surveys provide strong evidence that consumers do not understand traditional plans and would better understand a simplified plan, but weaker evidence that a simplified plan would have strong appeal to consumers or change their healthcare choices.AdultFemaleHealth Knowledge, Attitudes, PracticeHumansInsurance CoverageInsurance, HealthMaleMiddle AgedSurveys and QuestionnairesUnited Statesinsurancebehavioral economicssimplificationEducation EconomicsHealth Services ResearchInsuranceArticle