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A note on health care inflation

Author

Listed:
  • Usha Reichert
  • Richard Cebula
Abstract
A key issue in health care reform is the need to contain the inflation rate of the CPI for health care services without substantially reducing the quality of health care. Althought the previous literature has widely debated the causes of increasing inflation in the CPI for health care services, very little has been done to empirically test these arguments. We use an econometric framework that allows us to expressly examine the determinants of the inflation rate of the CPI for health care services. The data cover the period from 1960–1994. The main results provide empirical verification for many of the demand-side and supply-side theories of the inflation rate of the CPI for health care services that have been widely discussed in the literature. Copyright Springer 1999

Suggested Citation

  • Usha Reichert & Richard Cebula, 1999. "A note on health care inflation," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 23(3), pages 193-198, September.
    • Handle: RePEc:spr:jecfin:v:23:y:1999:i:3:p:193-198
    DOI: 10.1007/BF02757704
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    References listed on IDEAS

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    1. Thomas G. McGuire & Mark V. Pauly, 1991. "Physician Response to Fee Changes with Multiple Payers," Papers 0015, Boston University - Industry Studies Programme.
    2. Zeckhauser, Richard, 1970. "Medical insurance: A case study of the tradeoff between risk spreading and appropriate incentives," Journal of Economic Theory, Elsevier, vol. 2(1), pages 10-26, March.
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    Cited by:

    1. Wren, Maev-Ann, 2004. "Health Spending and the Black Hole," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2004(3-Autumn), pages 1-23.

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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • H49 - Public Economics - - Publicly Provided Goods - - - Other
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private

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