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Title: In the Shadow of a Giant: Medicare's Influence on Private Physician Payments

Citation Type: Miscellaneous

Publication Year: 2014

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Abstract: We analyze Medicare's influence on private payments for physicians' services. Using a large administrative change in surgical relative to medical reimbursements, we find that private prices follow Medicare's lead. A $1 change in Medicare's relative payments moved private payments by $1.16. We estimate that private payments responded similarly to a set of across-the-board payment changes that varied across geographic areas. We further find Medicare's influence to be strongest in areas with concentrated insurers, competitive providers, and more small physician groups. Medicare's influences on system-wide resource allocation and cost extend well beyond the share of national health expenditures it finances directly.

Url: https://studylib.net/doc/10621963/in-the-shadow-of-a-giant--jeffrey-clemens-joshua-d.-gottlieb

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Authors: Clemens, Jeffrey; Gottlieb, Joshua D.

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Data Collections: IPUMS USA

Topics: Health

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