Found 2 article(s) for author 'medical spending'

Attributing Medical Spending to Conditions: A Comparison of Methods

Attributing Medical Spending to Conditions: A Comparison of Methods. David Cutler, November 2018, Paper, “Partitioning medical spending into conditions is essential to understanding the cost burden of medical care. Two broad strategies have been used to measure disease-specific spending. The first attributes each medical claim to the condition listed as its cause. The second decomposes total spending for a person over a year to the cumulative set of conditions they have. Traditionally, this has been done through regression analysis. This paper makes two contributions. First, we develop a new method to attribute spending to conditions using propensity score models. Second, we compare the claims attribution approach to the regression approach and our propensity score stratification method in a common set of beneficiaries age 65 and over drawn from the 2009 Medicare Current Beneficiary Survey. Our estimates show that the three methods have important differences in spending allocation and that the propensity score model likely offers the best theoretical and empirical combination.Link

Tags: , , , ,

What Is The US Health Spending Problem?

What Is The US Health Spending Problem? David Cutler, February 14, 2018, Paper, “Is increased spending on medical care harmful to the US economy? The overall share of the gross domestic product spent on medical care is not a problem, provided that the services bought are worth more than their cost. However, high and rising costs expose two often-overlooked problems. First, spending is too high because many dollars are wasted. Estimates suggest that unnecessary medical spending costs the typical American family thousands of dollars each year.Link

Tags: , , , ,