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equilibrium price effects of coupons, we employ individual-level data to estimate a discrete choice model of demand for multiple … sclerosis drugs. We use our demand estimates to parameterize a model of drug price negotiations. For this category of drugs, we …
Persistent link: https://www.econbiz.de/10012938704
The introduction of Medicare Part D has generated interest in the cost of providing drug coverage to the elderly. Of paramount importance -- often unaccounted for in budget estimates -- are the salutary effects that increased prescription drug use might have on other Medicare spending. This...
Persistent link: https://www.econbiz.de/10012465291
People have heterogenous life expectancies: women live longer than men, rich people live longer than poor people, and healthy people live longer than sick people. People are also subject to heterogenous out-of-pocket medical expense risk. We construct a rich structural model of saving behavior...
Persistent link: https://www.econbiz.de/10012466109
We analyze some of the perverse incentives that may arise under the current Medicare prescription drug benefit design. In particular, risk adjustment for a stand-alone prescription drug benefit creates perverse incentives for prescription drug plans' coverage decisions and/or pharmaceutical...
Persistent link: https://www.econbiz.de/10012466663
This paper describes three prototypical systems of therapeutic reference pricing (RP) for pharmaceuticals -- Germany, the Netherlands, and New Zealand -- and examines their effects on the availability of new drugs, reimbursement levels, manufacturer prices and out-of-pocket surcharges to...
Persistent link: https://www.econbiz.de/10012468691
of services or unit price. We compare the treatment of heart attacks and newly diagnosed chest pain in HMOs and …
Persistent link: https://www.econbiz.de/10012472135
, half of the spending variation is driven by price variation across regions and half is driven by quantity variation. Prices … homogenous service such as lower-limb MRIs, about a fifth of the total case-level price variation occurs within a hospital in the … cross-section. Hospital market structure is strongly associated with price levels and contract structure. Prices at monopoly …
Persistent link: https://www.econbiz.de/10012456856
) consumer price shopping (ii) quantity reductions and (iii) quantity substitutions, finding that spending reductions are … entirely due to outright reductions in quantity. We find no evidence of consumers learning to price shop after two years in …, conditional on their true expected end-of-year shadow price and their prior year end-of-year marginal price. In the first …
Persistent link: https://www.econbiz.de/10012457037
, largely due to the fact that students significantly outnumber teachers. Data from North Carolina, Wisconsin, Australia …
Persistent link: https://www.econbiz.de/10012496173
This paper explores the changing role of government involvement in health care financing policy outside the United States. It provides a review of the economics literature in this area to understand the implications of recent policy changes on efficiency, costs and quality. Our review reveals...
Persistent link: https://www.econbiz.de/10012459221