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Is American health care uniquely inefficient? : Evidence from prescription drugs

Author: Margaret K Kyle; Heidi L Williams; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2017.
Series: Working paper series (National Bureau of Economic Research), no. 23068.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Alan Garber and Jonathan Skinner (2008) famously conjectured that the US health care system was "uniquely inefficient" relative to other countries. We test this idea using cross-country data on prescription drug sales newly linked with an arguably objective measure of relative therapeutic benefits, or drug quality. Specifically, we investigate how higher and lower quality drugs diffuse in the US relative to  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Margaret K Kyle; Heidi L Williams; National Bureau of Economic Research,
OCLC Number: 969906974
Notes: "January 2017"
Text in two columns.
Description: 1 online resource (5 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 23068.
Responsibility: Margaret Kyle, Heidi L. Williams.

Abstract:

Alan Garber and Jonathan Skinner (2008) famously conjectured that the US health care system was "uniquely inefficient" relative to other countries. We test this idea using cross-country data on prescription drug sales newly linked with an arguably objective measure of relative therapeutic benefits, or drug quality. Specifically, we investigate how higher and lower quality drugs diffuse in the US relative to Australia, Canada, Switzerland, and the UK. Our tabulations suggest that lower quality drugs diffuse more in the US relative to high quality drugs, compared to each of our four comparison countries -- consistent with Garber and Skinner’s conjecture.

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