estimates to evaluate the effects of hospital mergers. We find that MCO bargaining restrains hospital prices significantly. The … hospitals. We show that increasing patient coinsurance tenfold would reduce prices by 16%. We find that a proposed hospital … acquisition in Northern Virginia that was challenged by the Federal Trade Commission would have significantly raised hospital …

merger on market outcomes can be obtained. Using this methodology, I evaluate the impact of independent hospital mergers … effect of a merger on the behavior of rival firms, and instrumenting for these mergers, unbiased estimates of the effect of a … between 1989 and 1996 on rivals' prices. I find sharp increases in rivals' prices following a merger, with the greatest effect …

Merger efficiencies provide the primary justification for why mergers of competitors may benefit consumers … merger of Miller and Coors breweries was expected to increase concentration and reduce costs. All else equal, the average … predicted increase in concentration lead to price increases of two percent, but at the mean this was offset by a nearly equal …

In this paper we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the … most problematic for the antitrust agencies. Thus we estimate an upper bound on the likely price effect of completed … mergers. Our study employs retail scanner data and uses familiar panel data program evaluation procedures to measure price …

this, the UK government has pursued an active policy of hospital merger. These mergers are initiated by a regulator, acting … on behalf of the public, and justified on the grounds that merger will improve outcomes. We examine whether this promise … involved in a merger, but that politics means that selection for a merger may be random with respect to future performance. We …

, average HMO premiums are estimated to be 3.2% higher than they would have been absent any hospital merger activity during the …In the 1990s the US hospital industry consolidated. This paper estimates the impact of the wave of hospital mergers on … welfare focusing on the impact on consumer surplus for the under-65 population. For the purposes of quantifying the price …

There has been considerable consolidation in the hospital industry in recent years. Over 900 deals occurred from 1994 … in consolidation has led to concern about competition in local markets for hospital services. We examine the effect of … market structure on competition in local hospital markets -- specifically, does the hardness of competition increase with the …

example, U.S. antitrust agencies lost several hospital merger challenges when evidence showed that a nontrivial fraction of … estimate a random coefficients logit model of hospital demand and use the estimates to predict the increase in price that … even in suburban areas with high outflows of consumers, some hospital mergers could lead to significant price increases …

Applying principles of merger evaluation to the health care industry in general, and to hospital markets in particular … suggest a new empirical approach to assessing the impact of hospital competition which addresses the shortcomings of existing … how our methods can be used to assess the welfare implications of specific hospital mergers, and with some implications of …

This paper examines consolidation in the Massachusetts hospital market. We find that consolidation is driven primarily … by a large decline in the demand for hospital beds, resulting from increased enrollment in managed care and technological …