SLCSPSecond Lowest Cost Silver Plan (health care coverage)
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People could search for and compare a wide set of competitive plans offered at different premiums, fortified if needed by a subsidy tied to income and benchmarked against whatever happened to be the SLCSP premium.
In that case, one would imagine that the expected subsidy would increase by p times the increase in its premium, where p is the probability of ending up the SLCSP seller.
(26) That finding is consistent with strategic behavior to raise the SLCSP premium level.