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- W2276278252 abstract "This chapter provides a conceptual and empirical examination of health care spending growth (as opposed to the level of health care spending). Given that an equilibrium spending level exists, spending growth requires some variable to change. A one-time change in such a variable (or a one-time policy intervention) will generate a new equilibrium spending level, though the length of the transition period will depend on switching costs and information lags. After the new equilibrium is established, spending growth will cease. Yet we observe persistent spending growth. This implies at least one continually changing variable and the variable most commonly identified as continually changing is medical technology, broadly defined. We review theoretical models related to spending growth, including some that treat technology as exogenous and others that treat technology as endogenous. We then review the empirical literature related to spending growth and medical technology." @default.
- W2276278252 created "2016-06-24" @default.
- W2276278252 creator A5036797519 @default.
- W2276278252 creator A5055066308 @default.
- W2276278252 date "2011-01-01" @default.
- W2276278252 modified "2023-10-11" @default.
- W2276278252 title "Health Care Spending Growth" @default.
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- W2276278252 doi "https://doi.org/10.1016/b978-0-444-53592-4.00001-3" @default.