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Health Care Exceptionalism? Performance and Allocation in the US Health Care Sector
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Health Care Exceptionalism? Performance and Allocation in the US Health Care Sector
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Journal Article
Health Care Exceptionalism? Performance and Allocation in the US Health Care Sector
2016
Overview
The conventional wisdom for the health care sector is that idiosyncratic features leave little scope for market forces to allocate consumers to higher performance producers. However, we find robust evidence across several different conditions and performance measures that higher quality hospitals have higher market shares and grow more over time. The relationship between performance and allocation is stronger among patients who have greater scope for hospital choice, suggesting that patient demand plays an important role in allocation. Our findings suggest that health care may have more in common with \"traditional\" sectors subject to market forces than often assumed.
Publisher
American Economic Association,American Economic Assoc
Subject
/ Arthroplasty, Replacement - mortality
/ Health Care Sector - statistics & numerical data
/ Humans
/ Markets
/ Medicare
/ Myocardial Infarction - mortality
/ Patients
/ Practitioner patient relationship
/ Quality Indicators, Health Care - statistics & numerical data
/ Quality of Health Care - statistics & numerical data
/ Studies
