Unbiased Analysis of Today's Healthcare Issues

How does cost sharing affect drug utilization?

Any economist knows that if you raise the price of a good, demand goes down.  Thus, one should not be surprised to find numerous studies that show that increased cost sharing decreases drug utilization.  But how does drug utilzation decrease?  Is it along the extensive margin (i.e., the decision to initiate the drug) or along the intensive margin […]

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Do specialty drugs provide good value?

Specialty drugs have greatly improved quality and duration of life for many patients.  Specialty drugs have been developed for a variety of illnesses, such as cancer, hepatitis C, rheumatoid arthritis, and multiple sclerosis.  However, these drugs are typically very expensive.  Are they worth the cost? A paper by Chambers et al. (2014) find the following: …specialty drugs offered […]

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