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) |
|---|---|
| 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
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Gaynor, M., Ho, K., & Town, R. J. (2015). The industrial organization of health-care markets. Journal of Economic Literature, 53(2), 235-284. https://doi.org/10.1257/jel.53.2.235