"The Impact of Health Insurance on Health," Levy and Meltzer
pose a question – "Why is it so difficult to estimate the effects
of health insurance on health?" The article goes on to state, "…the
problem is that health insurance is an endogenous variable."
Briefly describe what is meant by the statement, "health insurance
is an endogenous variable." Why is the causal impact of health
insurance on health an important/relevant question for
policymakers?
Levy and Meltzer summarize the literature on...