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Expect the Unexpected?
By Nancy Chockley, PhD
President & CEO
National Institute for Health Care Management
Across the Blogosphere – Expert Voices
Reducing unit prices is one possible weapon in the battle to stem rising health care spending, but this approach can have unintended consequences if utilization increases by more than prices have fallen.
Current Essay on Medicare Drug Payment Reductions
In his essay, Dr. Jacobson and Dr. Newhouse present findings from their recent research on how physicians have responded to reductions in Medicare payments for chemotherapy drugs. Their work documents an increase in chemotherapy use rates and a switch from the drugs whose reimbursement declined to a drug that offered a higher profit for physicians. These findings serve as a reminder to policymakers that unanticipated behavioral responses can undermine their ability to achieve savings simply through fee reductions.
Assessment
I hope you enjoy reading the essay and others on the NIHCM website.
http://www.nihcm.org/pdf/EV-JacobsonNewhouseFINAL.pdf
Contact Information:
phone:202-296-4426
email: nihcm@nihcm.org
website: www.nihcm.org
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Filed under: Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Op-Editorials, Practice Management | Tagged: Austin Frakt, Eric Jensen, Jonathan Gruber, Maya MacGuineas, Nancy Chockley, National Institute for Healthcare Management, Robert Berenson, William Vogt | Leave a comment »
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