Prices set by fee-for-service Medicare have a direct effect on prices paid by private insurers throughout the health care system. While this link is widely recognized, there is disagreement about whether higher Medicare prices lead to lower or higher prices for private health insurance. We...

ABSTRACT The concept of ‘value’ typically includes a combination of cost and quality measures. Some approaches to incorporating value into payment systems treat cost and quality as separate dimensions, but policymakers have expressed interest in a single scalar index that combines cost and...