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- W2890166236 abstract "We demonstrate Medicare's influence on private insurers' payments for physicians' services. Using a large administrative change in payments for surgical versus medical care, we find that private prices follow Medicare's lead. A $1 change in Medicare's fees moved private prices by $1.16. A second set of Medicare payment changes, which generated area-specific reimbursement shocks, had a similar effect on private sector prices. Medicare's influence is strongest in areas with concentrated insurers, small physician groups, and competitive physician markets. The public sector's influences on system-wide resource allocation and costs extend well beyond the share of health expenditures it finances directly." @default.
- W2890166236 created "2018-09-27" @default.
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- W2890166236 date "2013-10-01" @default.
- W2890166236 modified "2023-09-27" @default.
- W2890166236 title "In the Shadow of a Giant: Medicare's Influence on Private Physician Payments" @default.
- W2890166236 hasPublicationYear "2013" @default.
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