US Health care Expenditures, GDP and Health Policy Reforms: Evidence from End-of-Sample Structural Break Tests

被引：0
|
作者：
Brewer, Ben [1 ]
Conway, Karen Smith [2 ]
Ozabaci, Deniz [2 ]
Woodward, Robert S. [2 ]
机构：
[1] Univ Hartford, Hartford, CT 06117 USA
[2] Univ New Hampshire, Durham, NH 03824 USA
来源：
EASTERN ECONOMIC JOURNAL | 2022年 / 48卷 / 04期
关键词：
US health care expenditure; GDP; Income elasticity of health care; Multiple structural changes; UNIT-ROOT TESTS; INCOME ELASTICITY; COINTEGRATION; DETERMINANTS; STATIONARITY; INSTABILITY; LUXURY;
D O I：
10.1057/s41302-022-00218-x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This research investigates the over-time stability of the aggregate US healthcare expenditure (HCE)-GDP relationship, focusing on periods of healthcare reforms. The most consequential reforms-Medicaid/Medicare and the Affordable Care Act (ACA)-are challenging to study because they occur near the ends of the available data. Using annual national- and state-level data and a battery of structural break tests, we find the HCE-GDP relationship to be overwhelmingly stable. An ancillary analysis around the 2006 Massachusetts healthcare reform, which avoids the confounding effects of the Great Recession and the staggered rollout of the ACA, likewise finds no change.
引用
收藏
页码：451 / 487
页数：37
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