Abstract
The U.S. health-care sector is large and growing - health-care spending in 2011 amounted to $2.7 trillion and 18 percent of GDP. Approximately half of health-care output is allocated via markets. In this paper, we analyze the industrial organization literature on health-care markets, focusing on the impact of competition on price, quality, and treatment decisions for health-care providers and health insurers. We conclude with a discussion of research opportunities for industrial organization economists, including opportunities created by the U.S. Patient Protection and Affordable Care Act. ( JEL J15, J24, J71, J81, K31).
Original language | English (US) |
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Pages (from-to) | 235-284 |
Number of pages | 50 |
Journal | Journal of Economic Literature |
Volume | 53 |
Issue number | 2 |
DOIs | |
State | Published - Jun 1 2015 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics