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来源类型Working Paper
规范类型报告
DOI10.3386/w27490
来源IDWorking Paper 27490
Variation in Health Care Prices Across Public and Private Payers
Toren L. Fronsdal; Jay Bhattacharya; Suzanne Tamang
发表日期2020-07-06
出版年2020
语种英语
摘要We study a unique all-payer data set spanning 38 states to examine the differences in inpatient reimbursement rates paid by traditional Medicare (TM), Medicare Advantage (MA), Medicaid, and private (under-65) insurers, and the differences in negotiated rates across the 60 largest private insurers. After controlling for enrollee and hospital mix, we find that private insurers pay 37 percent more than TM, and MA pays 10 percent more than TM for the five most common inpatient diagnoses. The correlation in risk-adjusted payments by private insurers and by TM at the same hospital for the same diagnosis is only 0.10. There is significant variation in negotiated prices within and across private payers. Among the five largest US insurers, the most expensive insurer negotiates prices that are 5-26 percent higher than the mean price for the 20 most common inpatient diagnoses. Additionally, we find a 10 percent increase in insurer market share corresponds to a 7 percent decrease in inpatient negotiated prices and a 10 percent decrease in the standard deviation of prices. This finding suggests that increased insurer market power allows payers to negotiate prospective payment contracts – rather than the more common fee-for-service payments – thereby offloading financial risk to providers.
主题Financial Economics ; Financial Institutions ; Health, Education, and Welfare ; Health
URLhttps://www.nber.org/papers/w27490
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/585162
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Toren L. Fronsdal,Jay Bhattacharya,Suzanne Tamang. Variation in Health Care Prices Across Public and Private Payers. 2020.
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