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Price of Care

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Explaining the Increase in Family Financial Pressures from Medical Bills Between 2003 and 2007

September 9, 2010 | Journal Article

This article examines whether affordability thresholds of financial strain due to medical bills change over time. The increasing cost of health care is a central issue in health policy and out-of-pocket spending for families has grown faster than incomes in the past decade.

State Prescription Drug Price Web Sites

February 1, 2008 | Issue Brief

How Useful to Consumers?

Health Care is Different--That's Why Expenditures Matter

May 12, 2010 | Commentary

Economist Victor Fuchs, Ph.D., outlines what distinguishes health care from other goods and services and why we should be concerned about rising health care expenditures.

Physician Cost Profiling

March 18, 2010 | Journal Article

This article examines the accuracy of tools to identify lower-cost physicians. Many proposed health reforms rely on the identification of physicians who provide lower-cost services for a given condition. However, no rigorous evaluation has assessed whether the tools used to identify lower-cost physicians are accurate.

Bending the Cost Curve

October 12, 2009 | Commentary

This commentary identifies methods to slow the increase in health care costs in the United States. The current proposed expansion of health insurance will cost the country an estimated trillion dollars over 10 years. To make this expansion possible, increases in the cost of health care must be curbed.

Getting Past Denial

September 24, 2009 | Journal Article

In this article, the authors discuss regional variations in health care spending. Differences in regional health accounts for only a small part of total cost variation, suggesting that health care costs can be contained by emulating regions with low costs and high quality.

Is Health Spending Excessive?

September 9, 2009 | Journal Article

The case that the United States spends more than is optimal on health care is overwhelming. But identifying reasons for excessive spending is not the same as showing how to wring it out in ways that increase welfare.

Cost Shifting Does Not Reduce the Cost of Health Care

September 2, 2009 | Commentary

This commentary addresses the differences between cost shifting and cost cutting and identifies the reasons why health care in the United States is more expensive per capita than the health care of any other nation.

Increased Spending on Health Care

September 1, 2009 | Journal Article

Projections show that more personal income and economic resources will shift to health care spending, and the outlook is growing worse.

Beneficial Moral Hazard and the Theory of the Second Best

June 1, 2009 | Journal Article

Various factors, including the mechanism for setting prices, contribute to distortions and inefficiencies in health insurance markets. This paper reviews analyses of how moral hazard compensates for inefficiencies and increases economic benefits of insurance markets.

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