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The Economic Impacts of the Tobacco Settlement / David M. Cutler, Jonathan Gruber, Raymond S. Hartman, M.B. Landrum, J. Newhouse, Meredith B. Rosenthal.
- Format:
- Book
- Author/Creator:
- Cutler, David M.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w7760.
- NBER working paper series no. w7760
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2000.
- Summary:
- 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.
- Notes:
- Print version record
- June 2000.
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