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来源类型Working Paper
规范类型报告
DOI10.3386/w10377
来源IDWorking Paper 10377
Transaction Prices and Managed Care Discounting for Selected Medical Technologies: A Bargaining Approach
Avi Dor; Michael Grossman; Siran M.Koroukian
发表日期2004-03-22
出版年2004
语种英语
摘要It is generally assumed that managed care has been successful at capturing discounts from medical providers, but the implications have been a matter of debate. Critics argue that managed care organizations attain savings by reducing intensity of services, while others have argued that savings are 'real' and are a consequence of discounts per unit of care. To address this, we obtain separate transaction prices for hospital episodes (treatment) and for the narrowly defined surgical procedure, using the example of heart bypass surgery. Both sets of prices were drawn from a database of insurance claims of self-insured firms that offer a menu of insurance options. We use a Nash-Bargaining framework to obtain price discounts by type of insurance. Adjusting for product and patient heterogeneity, the per-procedure prices yield the anticipated pattern of discounts: Relative to traditional fee for service, point-of-service HMOs exhibited the largest discounts followed by Preferred-Provider-Organizations (18 and 12 percent, respectively). While reductions in intensity of services are not directly observable from the data, combining the results from the per-procedure and per-episode analysis yields a range of intensity reduction of 20-6 percent, with a corresponding per-unit price discount of 4-18 percent for the entire episode. We conclude that a large share cost savings by managed care organizations are due to per-unit price reductions.
主题Labor Economics ; Demography and Aging
URLhttps://www.nber.org/papers/w10377
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/568006
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Avi Dor,Michael Grossman,Siran M.Koroukian. Transaction Prices and Managed Care Discounting for Selected Medical Technologies: A Bargaining Approach. 2004.
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