Drug offsets

Previously, when estimating the budgetary effects of legislation regarding prescription drugs, CBO found insufficient evidence of an “offsetting” effect of prescription drug use on spending

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The Cost Disease: Chapters 9-10

Chapters 9 and 10 of The Cost Disease are not exclusively by Baumol; we start to hear the voices of co-authors. They make the same point: productivity

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How many self insure?

From Isaac Ehrlich and Yong Yin (NBER, 2012): Self-insurance is intrinsically a substitute for market insurance whereas self-protection could in principle be a substitute or

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The Cost Disease: Chapters 7-8

Chapter 7 of The Cost Disease can be summed up with the fact that the elasticity of health care with respect to wealth is greater than one,

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