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Paying on the Margin for Medical Care: Evidence from Breast Cancer Treatments / Liran Einav, Amy Finkelstein, Heidi Williams.
- Format:
- Book
- Author/Creator:
- Einav, Liran.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20226.
- NBER working paper series no. w20226
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Paying on the Margin for Medical Care
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- We present a simple graphical framework to illustrate the potential welfare gains from a "top-up" health insurance policy requiring patients to pay the incremental price for more expensive treatment options. We apply this framework to breast cancer treatments, where lumpectomy with radiation therapy is more expensive than mastectomy but generates similar average health benefits. We estimate the relative demand for lumpectomy using variation in distance to the nearest radiation facility, and estimate that the "top-up" policy increases social welfare by $700-2,500 per patient relative to two common alternatives. We briefly discuss additional tradeoffs that arise from an ex-ante perspective.
- Notes:
- Print version record
- June 2014.
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