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The Industrial Organization of Health-Care Markets

Martin Gaynor (), Kate Ho and Robert Town

Journal of Economic Literature, 2015, vol. 53, issue 2, 235-84

Abstract: The U.S. health-care sector is large and growing—health-care spending in 2011 amounted to $2.7 trillion and 18 percent 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 U.S. Patient Protection and Affordable Care Act. (JEL J15, J24, J71, J81, K31)

JEL-codes: J15 J24 J71 J81 K31 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/jel.53.2.235
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Handle: RePEc:aea:jeclit:v:53:y:2015:i:2:p:235-84