Insurance and Medical List Prices
Although there is general agreement that insurance has played a central role in medical price inflation, this consensus is not based on convincing empirical evidence. Indeed, the best available estimates assign insurance a minor role. This paper begins by proposing a simple pricing model in which providers' profit maximizing prices depend on the market shares and cost control strategies of different insurers. Data from a recent national survey of physicians are then used to estimate fee elasticities for this model and to compare its implications with those of an alternative proposed by Sloan (1982). Respecification plus more recent data dramatically increase the estimated impact of insurance on prices
Year of publication: |
1989
|
---|---|
Authors: | Lee, Robert H. |
Published in: |
Journal of Human Resources. - University of Wisconsin Press. - Vol. 24.1989, 4
|
Publisher: |
University of Wisconsin Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
A reconsideration of Lean Six Sigma in healthcare after the COVID-19 crisis
Kuiper, Alex, (2021)
-
Future costs in cost effectiveness analysis
Lee, Robert H., (2008)
-
Economics for healthcare managers
Lee, Robert H., (2009)
- More ...