they did not measure how much of the difference between new and old drug prices reflects changes in quality as better … Survey (MEPS) to provide evidence about the effect of drug age on mortality, morbidity, and total medical expenditure …, controlling for sex, age, education, race, income, insurance status, who paid for the drug, the condition for which the drug was …

for the hypothesis that both medical innovation (in the form of new drug approvals) and expenditure on medical care … (especially public expenditure) contributed to longevity increase during the period 1960-1997. Increased drug approvals and health …