Regulation of Health Care Prices: The Case for Backstop Price Caps in Commercial Health Care Markets.
- Resource Type
- journal article
- Authors
- Chernew, Michael E.; Pany, Maximilian J.
- Source
- JAMA: Journal of the American Medical Association. 3/2/2021, Vol. 325 Issue 9, p817-818. 2p.
- Subject
- *MEDICAL care costs
*HOSPITAL costs
*HEALTH care industry
*ECONOMIC competition
*MEDICAL economics
- Language
- ISSN
- 0098-7484
This Viewpoint reviews evidence that higher hospital prices reflect greater market power more than higher-quality services and proposes that backstop price caps can mitigate harms from the most excessive prices without constraining or distorting competitive health care markets. [ABSTRACT FROM AUTHOR]