This paper focuses on the question: Does public or private control of health care lead to greater healthcare system efficiency? The data analysis demonstrates a curvilinear relationship between government control over health care and health care system inefficiency and that, as a result, a...

Now before Congress there are at least two healthcare1 bills, generally referred to as Medicare for All. Basically, these bills would, in various ways, use the structure of the existing Medicare system to provide insurance benefits to the broad class of citizens. It is often stated that bills...

Technological innovation in medical services can improve health, but its ability to reach patients often depends on price signals for downstream providers, which can also be discordant across production inputs. We examine such a context when Medicare sharply revises facility fees--while holding...

I demonstrate that to achieve dynamic efficiency, the optimal share of total surplus that a social payer should transfer to an innovating industry for a current asset depends on the marginal product of investment and the share of profits invested by the industry on the current asset and not on...

We examine how health insurance expansions affect the entry and location decisions of health care clinics. Exploiting county-level changes in insurance coverage following the Affordable Care Act and 1,721 retail clinic entries and exits, we find that local increases in insurance coverage do not...

In promoting health care reform in 2009, President Obama stated, “when it comes to health care spending, we are on an unsustainable course that threatens the financial stability of families, businesses and government itself.” We are still on that “unsustainable course” thirteen years...