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来源类型Working Paper
规范类型报告
DOI10.3386/w23871
来源IDWorking Paper 23871
Does Multispecialty Practice Enhance Physician Market Power?
Laurence C. Baker; M. Kate Bundorf; Daniel P. Kessler
发表日期2017-10-02
出版年2017
语种英语
摘要In markets for health services, vertical integration – common ownership of producers of complementary services – may have both pro- and anti-competitive effects. Despite this, no empirical research has examined the consequences of multispecialty physician practice – a common and increasing form of vertical integration – for physician prices. We use data on 40 million commercially insured individuals from the Health Care Cost Institute to construct indices of the price of a standard office visit to general-practice and specialist physicians for the years 2008-2012. We match this to measures of the characteristics of physician practices and physician markets based on Medicare Part B claims, aggregating physicians into practices based on their receipt of payments under a common Taxpayer Identification Number. Holding fixed the degree of competition in their own specialty, we find that generalist physicians charge higher prices when they are integrated with specialist physicians, and that the effect of integration is larger in uncompetitive specialist markets. We find the same thing in the reciprocal setting – specialist prices are higher when they are integrated with generalists, and the effect is stronger in uncompetitive generalist markets. Our results suggest that multispecialty practice has anticompetitive effects.
主题Health, Education, and Welfare ; Health
URLhttps://www.nber.org/papers/w23871
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/581544
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Laurence C. Baker,M. Kate Bundorf,Daniel P. Kessler. Does Multispecialty Practice Enhance Physician Market Power?. 2017.
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