On resource allocation in health care: The case of concierge medicine (Journal of Health Economics; Volume 90, July 2023, 102776)
The study, “On Resource Allocation in Health Care: The Case of Concierge Medicine,” was published July 2023 in the Journal of Health Economics. Authors include Adam Leive, Guy David, and Molly Candon.By Journal of Health Economics; Volume 90; July 2023; 102776; doi: 10.1016/j.jhealeco.2023.102776. Epub 2023 Jun 1.
AbstractResource allocation generally involves a tension between efficiency and equity, particularly in health care. The growth in exclusive physician arrangements using non-linear prices is leading to consumer segmentation with theoretically ambiguous welfare implications. We study concierge medicine, in which physicians only provide care to patients paying a retainer fee. We find limited evidence of selection based on health and stronger evidence of selection based on income. Using a matching strategy that leverages the staggered adoption of concierge medicine, we find large spending increases and no average mortality effects for patients impacted by the switch to concierge medicine.READ MORE ...Citation