Previous studies of Medicare’s prospective payment system for hospitals (PPS), introduced in 1983, evaluated only its …

early ages of 60 but the trend is reversed for the last few years preceding Medicare coverage. In addition, compared to …

introduction of prescription drug coverage for older individuals via Medicare Part D. For policy makers who design such a market … Medicare Part D. We first analyze how well the hypothetical choice data predict willingness to pay and market shares at the …

"This paper investigates the impact of Medicare HMO penetration on the medical care expenditures incurred by Medicare …-for-service beneficiaries. In particular, a one percentage point increase in Medicare HMO penetration reduces such spending by .9 percent. We …