Abstract

http://ssrn.com/abstract=2101251
 
 

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Do Physicians' Financial Incentives Affect Medical Treatment and Patient Health?


Jeffrey P. Clemens


University of California, San Diego (UCSD) - Department of Economics; NBER

Joshua D. Gottlieb


University of British Columbia (UBC) - Department of Economics; National Bureau of Economic Research (NBER)

March 31, 2013

SIEPR Discussion Paper No. 11-017

Abstract:     
We investigate whether physicians' financial incentives influence health care supply, technology diffusion, and resulting patient outcomes. In 1997, Medicare consolidated the geographic regions across which it adjusts physician payments, generating area-specific price shocks. Areas with higher payment shocks experience significant increases in health care supply. On average, a 2 percent increase in payment rates leads to a 3 percent increase in care provision. Elective procedures such as cataract surgery respond much more strongly than less discretionary services. Non-radiologists expand their provision of MRIs, suggesting effects on technology adoption. We estimate economically small health impacts, albeit with limited precision.

Number of Pages in PDF File: 92

Keywords: Government Expenditures and Health, Health Production, Technological Diffusion, Procurement

JEL Classification: H51, I12, O33, H57

working papers series


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Date posted: July 5, 2012 ; Last revised: August 1, 2013

Suggested Citation

Clemens, Jeffrey P. and Gottlieb, Joshua D., Do Physicians' Financial Incentives Affect Medical Treatment and Patient Health? (March 31, 2013). SIEPR Discussion Paper No. 11-017. Available at SSRN: http://ssrn.com/abstract=2101251 or http://dx.doi.org/10.2139/ssrn.2101251

Contact Information

Jeffrey P. Clemens
University of California, San Diego (UCSD) - Department of Economics ( email )
9500 Gilman Drive
La Jolla, CA 92093-0508
United States
HOME PAGE: http://econweb.ucsd.edu/~j1clemens/
NBER ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Joshua D. Gottlieb (Contact Author)
University of British Columbia (UBC) - Department of Economics ( email )
997-1873 East Mall
Vancouver, BC V6T 1Z1
Canada
HOME PAGE: http://www.joshuagottlieb.ca
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
HOME PAGE: http://papers.nber.org/authors/joshua_gottlieb
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