| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16193 |
| 来源ID | Working Paper 16193 |
| What Does Health Reform Mean for the Healthcare Industry? Evidence from the Massachusetts Special Senate Election | |
| Mohamad Al-Ississ; Nolan H. Miller | |
| 发表日期 | 2010-07-15 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | The recent reform of the U.S. health care system has been described both as a boon and a death blow for the healthcare industry and for private insurers in particular. We exploit the surprise election of Republican Scott Brown to the U.S. Senate, which dealt a serious blow to the prospects for reform by depriving Democrats of their 60-vote "filibuster-proof" majority, to evaluate the market's assessment of Health Reform's impact on the health care industry. We find that Scott Brown's election was associated with an abnormal return of 2.2 percent for a typical dollar invested in health care stocks and an abnormal return of 6.3 percent for a typical dollar invested in managed care firms. A typical dollar invested in the pharmaceutical sector experienced abnormal returns of 2.9 percent, while investments in healthcare facilities (including hospitals) experienced abnormal losses of 3.4 percent. Analysis of firms participating in government programs show that firms involved with Medicare Advantage experienced gains while those involved with Medicaid Managed Care experienced losses due to the election. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Financial Economics ; Financial Markets ; Health, Education, and Welfare ; Health |
| URL | https://www.nber.org/papers/w16193 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573867 |
| 推荐引用方式 GB/T 7714 | Mohamad Al-Ississ,Nolan H. Miller. What Does Health Reform Mean for the Healthcare Industry? Evidence from the Massachusetts Special Senate Election. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16193.pdf（328KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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