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Measuring and Modeling Health Care Costs | Chicago Scholarship Online
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Measuring and Modeling Health Care Costs

Ana Aizcorbe, Colin Baker, Ernst R. Berndt, and David M. Cutler

Abstract

National statistical agencies keep good track of how medical care dollars are spent—how much is paid to hospitals, physicians’ offices, pharmaceutical companies, and the like. However, it has proven much more challenging to measure the productivity of those dollars. What is medical care doing for our health? Given the large size of the US health care sector—roughly $3 trillion annually—measuring medical care productivity is essential in understanding what we get for our medical care dollars and in evaluating productivity growth in the economy as a whole. The National Bureau of Economic Researc ... More

Keywords: health costs, pharmaceuticals, health outcomes, market design

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780226530857
Published to Chicago Scholarship Online: January 2019 DOI:10.7208/chicago/9780226530994.001.0001

Authors

Affiliations are at time of print publication.

Ana Aizcorbe, editor
Bureau of Economic Analysis

Colin Baker, editor
U.S. Department of Health and Human Services

Ernst R. Berndt, editor
MIT Sloan School of Management

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Contents

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Introduction

Ana Aizcorbe, Colin Baker, Ernst R. Berndt, and David M. Cutler

I Methodological Issues in Measuring Health Care Costs and Outcomes

2 A Cautionary Tale in Comparative Effectiveness Research

Armando Franco, Dana P. Goldman, Adam Leive, and Daniel McFadden

3 Decomposing Medical Care Expenditure Growth

Abe Dunn, Eli Liebman, and Adam Hale Shapiro

II Analyses of Subpopulations and Market Segments

5 Measuring Output and Productivity in Private Hospitals

Brian Chansky, Corby Garner, and Ronjoy Raichoudhary

6 Attribution of Health Care Costs to Diseases

Allison B. Rosen, Ana Aizcorbe, Tina Highfill, Michael E. Chernew, Eli Liebman, Kaushik Ghosh, and David M. Cutler

III Prescription Pharmaceutical Markets

8 The Regulation of Prescription Drug Competition and Market Responses

Murray L. Aitken, Ernst R. Berndt, Barry Bosworth, Iain M. Cockburn, Richard Frank, Michael Kleinrock, and Bradley T. Shapiro

IV Issues in Industrial Organization and Market Design

11 Measuring Physician Practice Competition Using Medicare Data

Laurence C. Baker, M. Kate Bundorf, and Anne Royalty

13 Going into the Affordable Care Act

Pinar Karaca-Mandic, Jean M. Abraham,Kosali Simon, and Roger Feldman

V Potpourri