Ontology highlight
ABSTRACT:
SUBMITTER: Clemens J
PROVIDER: S-EPMC4144420 | biostudies-literature | 2014 Apr
REPOSITORIES: biostudies-literature
Clemens Jeffrey J Gottlieb Joshua D JD
The American economic review 20140401 4
We investigate whether physicians' financial incentives influence health care supply, technology diffusion, and resulting patient outcomes. In 1997, Medicare consolidated the geographic regions across which it adjusts physician payments, generating area-specific price shocks. Areas with higher payment shocks experience significant increases in health care supply. On average, a 2 percent increase in payment rates leads to a 3 percent increase in care provision. Elective procedures such as catarac ...[more]