TY - JOUR
T1 - The industrial organization of health-care markets
AU - Gaynor, Martin
AU - Ho, Kate
AU - Town, Robert J.
N1 - Publisher Copyright:
© 2015, American Economic Association. All rights reserved.
PY - 2015/6/1
Y1 - 2015/6/1
N2 - 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).
AB - 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).
UR - http://www.scopus.com/inward/record.url?scp=84931022343&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84931022343&partnerID=8YFLogxK
U2 - 10.1257/jel.53.2.235
DO - 10.1257/jel.53.2.235
M3 - Review article
AN - SCOPUS:84931022343
VL - 53
SP - 235
EP - 284
JO - Journal of Economic Literature
JF - Journal of Economic Literature
SN - 0022-0515
IS - 2
ER -