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commercial and Medicare Advantage plans. Using data on net-of-rebate prices and quantities from a large Pharmacy Benefits Manager … year after introduction, but do not differentially impact net-of-rebate prices, at least in the short-run. To quantify the …
Persistent link: https://www.econbiz.de/10012938704
manufacturers over menus of formulary-contingent rebate payments and then selects a formulary. We then estimate how formulary … predictions align with aggregate rebate data, and we find that allowing a PBM to place branded drugs on preferred and non …-preferred tiers can substantially increase negotiated rebate payments …
Persistent link: https://www.econbiz.de/10015056114
The paper examines price discounting by health maintenance organizations and preferred provider organizations in markets for hospital services. Our empirical analysis focuses on transaction prices for angioplasty, which is a relatively common procedure, with well defined 'product'...
Persistent link: https://www.econbiz.de/10012468256
It is generally assumed that managed care has been successful at capturing discounts from medical providers, but the implications have been a matter of debate. Critics argue that managed care organizations attain savings by reducing intensity of services, while others have argued that savings...
Persistent link: https://www.econbiz.de/10012468316
This article evaluates two different remedies for consumers who have been injured by a price overcharge on the sale of a good. Under a coupon remedy, injured consumers are awarded coupons that can be used for a limited period of time to purchase the good at a price below that which prevails...
Persistent link: https://www.econbiz.de/10012468532
This paper explores the relationship between shelf prices and manufacturers' coupons for 25 ready-to-eat breakfast cereals. Contrary to the predictions of static monopoly price discrimination, we find the shelf prices for a particular brand in a particular city are generally lower during periods...
Persistent link: https://www.econbiz.de/10012471875
A number of recent antitrust lawsuits have been settled with discount contracts in which the defendants agree in the future to sell to the plaintiffs at a discount off of the price they offer to other buyers. Economists often object to such settlements, arguing that the sellers will partially or...
Persistent link: https://www.econbiz.de/10012473802
We assume that perfectly patient agents estimate the value of future events by generating noisy, unbiased simulations and combining those signals with priors to form posteriors. These posterior expectations exhibit as-if discounting: agents make choices as if they were maximizing a stream of...
Persistent link: https://www.econbiz.de/10012455427
those savings occur. In this paper we demonstrate the importance of this distinction using novel evidence from a rebate …
Persistent link: https://www.econbiz.de/10012455584
themselves, social comparisons and loss framing have no significant impact on the number of rebate requests; when combined …
Persistent link: https://www.econbiz.de/10012455794