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- Title
Setting Physicians' Prices in FFS Medicare: An Economic Perspective.
- Authors
Dowd, Bryan; Feldman, Roger; Nyman, John; Town, Bob
- Abstract
Recent policy discussions by the Medicare Payment Advisory Commission (MedPAC) regarding physician prices in the traditional fee-for-service (FFS) Medicare Program reflect movement toward a market pricing model. Earlier objectives such as sustainable levels of spending have given way to concerns over the relationship between fees and actual costs, access to care, and the importance of demand and supply in local markets. An important objective in other policy settings is economically efficient distribution of services. We explain the meaning of economic efficiency for Medicare physician prices and explore difficulties one might encounter in pursuing economic efficiency, as well as the cost of not pursuing it.
- Subjects
UNITED States; PHYSICIAN salaries; MEDICAL fees; MEDICAL care costs; MEDICARE; MEDICARE Payment Advisory Commission (U.S.)
- Publication
Health Care Financing Review, 2006, Vol 28, Issue 2, p97
- ISSN
0195-8631
- Publication type
Article