PMID: 2507625Jan 1, 1989Paper

Can price controls induce optimal physician behavior?

Journal of Health Politics, Policy and Law
G WedigJ Cromwell

Abstract

Recently, budget-conscious policymakers have shifted their attention to the physician services market and have begun to consider a wide variety of price regulatory schemes for moderating expenditures in this market. In a recent article in this journal, Feldman and Sloan warned that price controls on physician services may cause undesirable declines in service quality, independent of their budgetary ramifications. Our aim in this article is to reconsider the effects of price controls in the broader context of insurance coverage and moral hazard. Our ultimate goal is to assess the benefits of price controls independent of specific assumptions about the controversial issues of demand inducement and income targeting. Using a simple extension of the Feldman/Sloan model, we find that price controls can be and almost certainly are welfare-improving as long as consumers are sufficiently well insured, regardless of where one stands on the inducement issue. The salutary effects of price controls, on the other hand, can be compromised by income-targeting behavior on the part of physicians. We also introduce evidence from Medicare's recent fee freeze to evaluate the possibility of income-targeting behavior empirically. While formal studies...Continue Reading

Citations

Jul 1, 1993·Health Economics·L Rochaix
Dec 10, 1990·Journal of Health Economics·T G McGuire, M V Pauly
Sep 5, 1993·Journal of Health Economics·J Glazer, T G McGuire
Oct 28, 1999·Journal of Health Economics·J GruberD Mayzlin
Jan 1, 1992·Journal of Public Health Dentistry·J GryttenL Grytten
Jan 1, 2011·Health Economics Review·Mathias Kifmann, Florian Scheuer
Oct 10, 2002·Inquiry : a Journal of Medical Care Organization, Provision and Financing·Jack Zwanziger
Jul 17, 2010·Journal of Health Economics·Ottar MaestadArild Aakvik
Sep 17, 2005·Health Economics·Abdelhak Nassiri, Lise Rochaix
Mar 7, 2006·The Spine Journal : Official Journal of the North American Spine Society·Radoslaw Wasiak, Eileen McNeely

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