The Industrial Organization of Health Care Markets

Martin Gaynor, Kate Ho and Robert Town

No 19800, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The US health care sector is large and growing - health care spending in 2011 amounted to $2.7 trillion and 18% 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 US Patient Protection and Affordable Care Act.

JEL-codes: I11 L1 L10 (search for similar items in EconPapers)
Date: 2014-01
New Economics Papers: this item is included in nep-com, nep-hea, nep-hme, nep-ias and nep-ind
Note: EH IO
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Citations: View citations in EconPapers (10)

Published as Martin Gaynor & Kate Ho & Robert J. Town, 2015. "The Industrial Organization of Health-Care Markets," Journal of Economic Literature, American Economic Association, vol. 53(2), pages 235-84, June.

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Related works:
Working Paper: Industrial Organization of Health Care Markets (2021)
Journal Article: The Industrial Organization of Health-Care Markets (2015)
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