Public-private cost shifts in nursing home care
This article presents estimates of the degree to which individuals paying privately for nursing home services are being asked to subsidize their states Medicaid program. Recently published data permit making some first rough estimates of the extent of this activity. Although these crude measures must be interpreted with great care, the data suggest that cost-shifting activity is widespread and sizable. ; Because, as the article shows, cost-shifting activity undermines policy makers efforts to regulate nursing home costs, the article suggests that private patients should not be asked to ...
Perspective: tobacco manufacturers are now compensating states for smoking-related costs: how will this affect the economy?
Smoking out the social and economic benefits of the 1998 tobacco settlement for Massachusetts.
The rising cost of medical care and its effect on inflation
Rx for aging health care facilities
Health care capital investment has surged across most of the district, but the wish list isn't necessarily getting any shorter.
The costs and value of new medical technologies: symposium summary
Health care is among the most technologically advanced sectors, and it also constitutes a large and growing share of the U.S. economy. Between 1960 and 2005, the share of health-care spending in U.S. gross domestic product more than tripled, growing from 5.2% to 16%; this growth is likely to continue, with health care conceivably expanding to encompass up to one-third of national output by the year 2050. ; This Economic Letter summarizes the presentations made at a symposium by the same title sponsored by the Center for the Study of Innovation and Productivity and held at the Federal Reserve ...
Creating value-based competition in health care
On April 14?15, 2008, the Federal Reserve Bank of Chicago and the Detroit Regional Chamber co-sponsored the second annual forum on health care. This year's program focused on how the health care system could be improved in terms of cost, quality, and accessibility.
Drug prices under the medicare drug discount card program
In early 2004, the U.S. government initiated the Medicare Drug Discount Card Program (MDDCP), which allowed card subscribers to obtain discounts on prescription drugs. Pharmacy-level prices were posted on the program website weekly with the hope or promoting competition among card sponsors by facilitating consumer access to prices. A large panel of pharmacy-level price data collected from this website indicates that price dispersion across cards persisted throughout the program. Prices declined initially when consumers were choosing cards, but rose later when subscribers were restricted to ...
The structure of supervision and pay in hospitals
An examination of the intensity of supervision in the workplace and its effect on the pay of nonsupervisory employees through the use a wage survey of the hospital industry.