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The latest news from HCCI

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Nov
19

Health Affairs: Private Equity and Powerful Physician Groups Raise Another Distraction

HCCI data on market concentration was mentioned in a Health Affairs blog post. From the article: "Before we even get into the merits and effects of Congress' fix for surprise billing, it's worth noting that the status quo is bad for networks. Most markets—particularly in urban areas—are highly concentrated, giving providers such as hospitals and specialists a great deal of market power. The Health...
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Oct
03

The New York Times: High Medical Bills Are at Center of Hospital Group's Trial

 HCCI research on market concentration was mentioned in a New York Times article. From the article: "Sutter is hardly the only mega-system in the country. Nearly three-quarters of metropolitan areas were considered highly concentrated  hospital markets in 2016, according to a recent analysis by the Health Care Cost Institute, a nonprofit group." High Medical Bills Are at Center of Hospit...
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May
01

NBER: The Price Ain't Right? Hospital Prices and Health Spending on the Privately Insured

ABSTRACT: We use insurance claims data covering 28 percent of individuals with employer-sponsored health insurance in the US to study the variation in health spending on the privately insured, examine the structure of insurer-hospital contracts, and analyze the variation in hospital prices across the nation. Health spending per privately insured beneficiary differs by a factor of three across...
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Dec
07

Health Affairs: Understanding Health Spending - Lessons From The Healthy Marketplace Index

HEALTH AFFAIRS BLOG: "As policymakers consider actions to address challenges with the Affordable Care Act and ongoing growth in health spending, the importance of understanding local health care market dynamics is more important than ever. Traditionally, policy makers and other stakeholders have evaluated commercial health care markets' total spending and often attributed high spending to high pri...
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Sep
01

Health Affairs: Insurer Market Power Lowers Prices In Numerous Concentrated Provider Markets

 ABSTRACT: Using prices of hospital admissions and visits to five types of physicians, we analyzed how provider and insurer market concentration—as measured by the Herfindahl-Hirschman Index (HHI)—interact and are correlated with prices. We found evidence that in the range of the Department of Justice's and Federal Trade Commission's definition of a moderately concentrated market (HHI of...
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Sep
01

NBER: Does Multispecialty Practice Enhance Physician Market Power?

ABSTRACT: In markets for health services, vertical integration – common ownership of producers of complementary services – may have both pro- and anti-competitive effects. Despite this, no empirical research has examined the consequences of multispecialty physician practice – a common and increasing form of vertical integration – for physician prices. We use data on 40 million commercially in...
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Oct
01

NBER: Why Don't Commercial Health Plans Use Prospective Payment?

ABSTRACT One of the key terms in contracts between hospitals and insurers is how the parties apportion the financial risk of treating unexpectedly costly patients. "Prospective" payment contracts give hospitals a lump-sum amount, depending on the medical condition of the patient, with limited adjustment for the level of services provided. We use data from the Medicare Prospective Payment System an...
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Aug
01

Health Affairs: Health Spending Slowdown Is Mostly Due To Economic Factors, Not Structural Change In The Health Care Sector

ABSTRACT: The source of the recent slowdown in health spending growth remains unclear. We used new and unique data on privately insured people to estimate the effect of the economic slowdown that began in December 2007 on the rate of growth in health spending. By exploiting regional variations in the severity of the slowdown, we determined that the economic slowdown explained approximately 70...
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