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• W2141055751 abstract "This research uses a general-equilibrium monopoly production model with heterogeneous consumers to assess the distributional impact of different classes of public policies that could potentially be used to deal with high and rising pharmaceutical costs. We evaluate programs similar to Medicaid and Medicare as well as a program of universal prescription drug coverage. The model is calibrated to approximate the United States economy and its pharmaceutical industry. Results suggest that average social welfare is highest in an economy without prescription drug insurance. However, certain cohorts, such as those eligible for Medicare and pharmaceutical manufacturers, are worse off without publicly-funded insurance. Whereas universal insurance is shown to improve social welfare overall, it does not necessarily improve the well-being of the uninsured." @default.
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• W2141055751 date "2009-01-01" @default.
• W2141055751 modified "2023-09-27" @default.
• W2141055751 title "Assessing the Distributional Effects of Alternative Pharmaceutical Payment Structures" @default.
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