Chernew, Michael; DeCicca, Philip; Town, Robert - In: Journal of Health Economics 27 (2008) 6, pp. 1451-1461
This paper investigates the impact of Medicare HMO penetration on the medical care expenditures incurred by Medicare fee-for-service (FFS) enrollees. We find that increasing penetration leads to reduced spending on FFS beneficiaries. In particular, our estimates suggest that the increase in HMO...