Reducing Healthcare Costs Requires Good Market Design
Peter Cramton and Brett E. Katzman ,
4
( 7 )
The Economists’ Voice
October
2010
Abstract

One sensible way to reduce healthcare costs is to harness market forces, where practical, to nurture competition and innovation. Lower prices and improved services should follow. However, the switch to market pricing is not an easy one.  Medicare’s experience with medical supplies illustrates the challenges and offers some important lessons.

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