Abstract

http://ssrn.com/abstract=235716
 
 

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The Economic Impacts of the Tobacco Settlement


David M. Cutler


Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Jonathan Gruber


Massachusetts Institute of Technology (MIT) - Department of Economics; National Bureau of Economic Research (NBER)

Raymond S. Hartman


Greylock McKinnon Associates

Mary Beth Landrum


Harvard Medical School

Joseph P. Newhouse


Harvard Medical School; Harvard Kennedy School (HKS); National Bureau of Economic Research (NBER)

Meredith B. Rosenthal


Harvard University - Harvard School of Public Health

June 2000

NBER Working Paper No. w7760

Abstract:     
Recent litigation against major tobacco companies culminated in a Master Settlement Agreement' (MSA) under which the participating companies agreed to compensate most states for Medicaid expenses. We outline the terms of the settlement and analyze whether it was a move toward economic efficiency using data from Massachusetts. Medicaid spending will fall, but only a modest amount ($0.1 billion). The efficiency issue turns mainly on the treatment of health benefits from reduced smoking induced by the settlement. We conclude that the settlement was a move towards economic efficiency.

Number of Pages in PDF File: 29

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Date posted: July 18, 2000  

Suggested Citation

Cutler, David M. and Gruber, Jonathan and Hartman, Raymond S. and Landrum, Mary Beth and Newhouse, Joseph P. and Rosenthal, Meredith B., The Economic Impacts of the Tobacco Settlement (June 2000). NBER Working Paper No. w7760. Available at SSRN: http://ssrn.com/abstract=235716

Contact Information

David M. Cutler (Contact Author)
Harvard University - Department of Economics ( email )
Littauer Center, Room 315A
Cambridge, MA 02138
United States
617-496-5216 (Phone)
617-495-8570 (Fax)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
617-868-3900 (Phone)
617-868-2742 (Fax)
Jonathan Gruber
Massachusetts Institute of Technology (MIT) - Department of Economics ( email )
50 Memorial Drive
Room E52-355
Cambridge, MA 02142
United States
617-253-8892 (Phone)
617-253-1330 (Fax)
HOME PAGE: http://web.mit.edu/gruberj/www/
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Raymond S. Hartman
Greylock McKinnon Associates ( email )
1 Memorial Drive, Suite 1410
Cambridge, MA 02142
United States
Mary Beth Landrum
Harvard Medical School ( email )
Department of Health Care Policy
Boston, MA 02115
United States
Joseph P. Newhouse
Harvard Medical School; Harvard Kennedy School (HKS) ( email )
Department of Health Care Policy
Boston, MA 02115
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Meredith B. Rosenthal
Harvard University - Harvard School of Public Health ( email )
677 Huntington Avenue
Boston, MA 02115
United States
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References:  40
Citations:  9
Footnotes:  31

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