Medical Research and Health Care Finance: Evidence from Academic Medical Centers

Pierre Azoulay, Misty Heggeness and Jennifer L. Kao

No 27943, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Academic Medical Centers (AMCs)—comprising medical schools, teaching hospitals, and research laboratories—play an important role in US biomedical innovation. The Balanced Budget Act of 1997 changed reimbursements for Medicare inpatient claims and subsidies for medical residents. We compare AMCs' relative exposure to the reform and how these differences affect their researchers' ability to attract NIH grant funding, as well as the quantity, impact, and content of their publications. We find that in response to the reform, research activity increases by approximately 6%, with larger effects observed for “translational” and clinical research. We find little effect on clinical outcomes.

JEL-codes: I13 I18 I23 O30 (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-hea, nep-ias and nep-ino
Note: EH PR
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Citations: View citations in EconPapers (2)

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