marginal valuations, and the consequent need to augment traditional transactions data with information based on cost … revisions, and then consider alternative notions of medical care output pricing that involve the price or cost of an episode of … medical care expenditure price index -- that is more suitable for evaluation and analyses of medical care cost changes, than …

first, a Service Price Index, prices specific medical services, as does the current CPI. The second, a Cost of Living Index … three percentage points annually. For plausible values of an additional life-year, the real Cost of Living Index fell about …

offered a choice between cost and the generosity of benefits. As a result, there have been incentives for excessive …

the industry suggest should occur. In other industries characterized by inefficiency, efficient firms expand to take over …

return to these technologies was greater than 23 to 1 with a cost per life-year saved by clean water of about $500 in 2003 …

at the expense of quality. A second choice is in the degree of cost sharing. More generous insurance reduces the utility … cost of illness but also leads to overconsumption of care when sick. Optimal insurance balances the marginal costs of risk …