The anticipatory effects of Medicare Part D on drug utilization
The anticipatory effects of Medicare Part D on drug utilization
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DOI:
10.1016/j.jhealeco.2016.06.004
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发表时间:
2016-09-01
影响因子:
3.5
通讯作者:
Alpert, Abby
中科院分区:
文献类型:
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作者:
Alpert, Abby
While health care policies are frequently signed into law well before they are implemented, such lags are ignored in most empirical work. This paper demonstrates the importance of implementation lags in the context of Medicare Part D, the prescription drug benefit that took effect two years after it was signed into law. Exploiting the differential responses of chronic and acute drugs to anticipated future prices, I show that individuals reduced drug utilization for chronic but not acute drugs in anticipation of Part D's implementation. Accounting for this anticipatory response substantially reduces the estimated total treatment effect of Part D. (C) 2016 Elsevier B.V. All rights reserved.