Medicare had tried to incorporate outpatient prescription drugs into their benefits regime for many years. Medicare Prescription Drug, Improvement, and Modernization Act of 2003 is the most recent success after the repealed Medicare Catastrophic Coverage Act of 1988. There have been a lot of...

The size of national health care expenditure is an important research and policy issue. This paper reviews theoretical and empirical analyses of an implied optimal size for a health sector. Various economic theories are explicitly or implicitly invoked, but none is fully satisfactory. Theory...