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Specialty drug prices and utilization after loss of U.S. patent exclusivity, 2001-2007
Conti, Rena M.; Berndt, Ernst R. - National Bureau of Economic Research (NBER) - 2014
We examine the impact of loss of U.S. patent exclusivity (LOE) on the prices and utilization of specialty drugs between 2001 and 2007. We limit our empirical cohort to drugs commonly used to treat cancer and base our analyses on nationally representative data from IMS Health. We begin by...
Persistent link: https://www.econbiz.de/10010950850
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Does the Profit Motive Make Jack Nimble? Ownership Form and the Evolution of the U.S. Hospital Industry
Gaynor, Martin; Klepper, Steven; Vogt, William; … - National Bureau of Economic Research (NBER) - 2005
We examine the evolving structure of the U.S. hospital industry since 1970, focusing on how ownership form influences … hospital chain significantly decreases the probability of exit for for-profits, but not not-for-profits. …
Persistent link: https://www.econbiz.de/10005085246
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The Effect of FDA Advisories on Branded Pharmaceutical Firms' Valuations and Promotion Efforts
Conti, Rena M.; Huskamp, Haiden A.; Berndt, Ernst R. - National Bureau of Economic Research (NBER) - 2011
The US Food and Drug Administration (FDA) expends considerable efforts in regulating medications approved for use. Yet the impact of medication labeling changes on brand pharmaceutical products, and whether and what firms do to respond to increased information regarding the safety and efficacy...
Persistent link: https://www.econbiz.de/10009325511
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Pricing and Welfare in Health Plan Choice
Levin, Jonathan; Bundorf, M. Kate; Mahoney, Neale - National Bureau of Economic Research (NBER) - 2008
Prices in government and employer-sponsored health insurance markets only partially reflect insurers' expected costs of coverage for different enrollees. This can create inefficient distortions when consumers self-select into plans. We develop a simple model to study this problem and estimate it...
Persistent link: https://www.econbiz.de/10005710694
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The Welfare Consequences of Hospital Mergers
Town, Robert; Wholey, Douglas; Feldman, Roger; Burns, … - National Bureau of Economic Research (NBER) - 2006
In the 1990s the US hospital industry consolidated. This paper estimates the impact of the wave of hospital mergers on …. The estimates indicate that the aggregate magnitude of the impact of hospital mergers is modest but not trivial. In 2001 …, average HMO premiums are estimated to be 3.2% higher than they would have been absent any hospital merger activity during the …
Persistent link: https://www.econbiz.de/10005713981
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The Effect of Medicare Part D on Pharmaceutical Prices and Utilization
Duggan, Mark; Morton, Fiona Scott - National Bureau of Economic Research (NBER) - 2008
On January 1, 2006, the federal government began providing insurance coverage for Medicare recipients' prescription drug expenditures through a new program known as Medicare Part D. Rather than setting pharmaceutical prices itself, the government contracted with private insurance plans to...
Persistent link: https://www.econbiz.de/10005774476
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The Distortionary Effects of Government Procurement: Evidence from Medicaid Prescription Drug Purchasing
Duggan, Mark; Morton, Fiona Scott - National Bureau of Economic Research (NBER) - 2004
The federal-state Medicaid program insures 43 million people for virtually all of the prescription drugs approved by the FDA. To determine the price that it will pay for a drug treatment, the government uses the average price in the private sector for that same drug. Assuming that Medicaid...
Persistent link: https://www.econbiz.de/10005778002
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Pricing and Reimbursement in U.S. Pharmaceutical Markets
Berndt, Ernst R.; Newhouse, Joseph P. - National Bureau of Economic Research (NBER) - 2010
In this survey chapter on pricing and reimbursement in U.S. pharmaceutical markets, we first provide background information on important federal legislation, institutional details regarding distribution channel logistics, definitions of alternative price measures, related historical...
Persistent link: https://www.econbiz.de/10008531891
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Bundling Among Rivals: A Case of Pharmaceutical Cocktails
Nicholson, Sean; Lucarelli, Claudio; Song, Minjae - National Bureau of Economic Research (NBER) - 2010
We empirically analyze the welfare effects of cross-firm bundling in the pharmaceutical industry. Physicians often treat patients with "cocktail" regimens that combine two or more drugs. Firms cannot price discriminate because each drug is produced by a different firm and a physician creates the...
Persistent link: https://www.econbiz.de/10008533391
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How Does Cost-Sharing Affect Drug Purchases? Insurance Regimes in the Private Market for Prescription Drugs
Dor, Avi; Encinosa, William - National Bureau of Economic Research (NBER) - 2004
Insurance for prescription drugs is characterized by two types of cost-sharing: flat copayments and variable coinsurance. We develop a theoretical model to show that refill purchases of preventive drugs (compliance) are lower under coinsurance due to the consumer's exposure to variation in drug...
Persistent link: https://www.econbiz.de/10005034342