Chernew, Michael E.; Newhouse, Joseph P. - In: Handbook of health economics : volume 2, (pp. 1-43). 2011
This chapter provides a conceptual and empirical examination of health care spending growth (as opposed to the level of … health care spending). Given that an equilibrium spending level exists, spending growth requires some variable to change. A … established, spending growth will cease. Yet we observe persistent spending growth. This implies at least one continually changing …