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来源类型Working Paper
规范类型报告
DOI10.3386/w12758
来源IDWorking Paper 12758
Is Drug Coverage a Free Lunch? Cross-Price Elasticities and the Design of Prescription Drug Benefits
Martin Gaynor; Jian Li; William B. Vogt
发表日期2006-12-14
出版年2006
语种英语
摘要Recently, many U.S. employers have adopted less generous prescription drug benefits. In addition, the U.S. began to offer prescription drug insurance to approximately 42 million Medicare beneficiaries in 2006. We use data on individual health insurance claims and benefit data from 1997-2003 to study the effects of changing consumers' co-payments for prescription drugs on the quantity demanded and expenditure on prescription drugs, inpatient care and outpatient care. We allow for effects both in the year of the co-payment change and in the year following the change. Our results show that increases in prescription drug prices reduce both the use of and spending on prescription drugs. However, consumers substitute the use of outpatient care and inpatient care for prescription drug use, and about 35% of the expenditure reductions on prescription drugs are offset by the increases in other spending.
主题Microeconomics ; Households and Firms ; Health, Education, and Welfare ; Health ; Other ; Accounting, Marketing, and Personnel
URLhttps://www.nber.org/papers/w12758
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/570420
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Martin Gaynor,Jian Li,William B. Vogt. Is Drug Coverage a Free Lunch? Cross-Price Elasticities and the Design of Prescription Drug Benefits. 2006.
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