Another central concern with hypothetical valuation is assessing individuals’ knowledge of the product they are evalu - ating. The phrase “as good as members of Congress receive” was meant to signal the comprehensiveness of the health plan in ques-tion, though a potential concern is that individuals incorrectly assume that “members of Congress” are provided special, gold-plated health plans, which might drive up our take-up estimates.As a point of fact, however, the description is at least roughly accurate—indeed, the Affordable Care Act creates state exchanges modeled after the Federal Employee Health Benefits Plan, which covers members of Congress. In addition, the Gallup interviewers were provided the following instructions: “If respondent asks whatthe health insurance plan is like for members of Congress, read:Members of Congress can choose from a variety of health insurance plans. A common choice is Blue Cross/Blue Shield. This insurance requires co-pays and deductibles similar to those paid by many pri-vate sector workers. For example, a primary doctor visit requires a $20 co-pay; a day in the hospital requires a $100 deductible;participants can see a doctor in the preferred provider network;some dental coverage is provided, but vision care is not covered.”We return to the question of respondents’ lack of experience or knowledge of the product in Section 4.4