A comparison of general drug utilization in a metropolitan community with utilization under a drug prepayment plan.

Greenlick, Merwyn R.; Darsky, Benjamin J.

doi:10.2105/ajph.58.11.2121

Cited by 25 publications

(3 citation statements)

References 2 publications

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“…The results from our meta-regression are generally in line with the findings from these investigations. An early study from Canada (Greenlick and Darsky, 1968) reported enough information for us to calculate an unadjusted arc elasticity value of À0.38. A second study (Harris et al, 1990), this time from the US, also allowed us to calculate elasticities, and we determined that when the co-payment increased from $0 to $1.50, the unadjusted arc elasticity was -0.17, while the adjusted arc elasticity was -0.06.…”

Section: Discussion and Concluding Remarksmentioning

confidence: 99%

In search of a corrected prescription drug Elasticity estimate: a meta‐regression approach

2007

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An understanding of the relationship between cost sharing and drug consumption depends on consistent and unbiased price elasticity estimates. However, there is wide heterogeneity among studies, which constrains the applicability of elasticity estimates for empirical purposes and policy simulation. This paper attempts to provide a corrected measure of the drug price elasticity by employing meta-regression analysis (MRA). The results indicate that the elasticity estimates are significantly different from zero, and the corrected elasticity is -0.209 when the results are made robust to heteroskedasticity and clustering of observations. Elasticity values are higher when the study was published in an economic journal, when the study employed a greater number of observations, and when the study used aggregate data. Elasticity estimates are lower when the institutional setting was a tax-based health insurance system.

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Section: Discussion and Concluding Remarksmentioning

confidence: 99%

In search of a corrected prescription drug Elasticity estimate: a meta‐regression approach

2007

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“…A study using 1962 data from Windsor, Ontario, showed the effects of insurance on de-mand for prescription drugs (Greenlick and Darsky, 1968). Prescription Services Incorporated (PSI) offered prescriptions at $.35 per prescription.…”

Section: Prescription Drugsmentioning

confidence: 99%

Coinsurance, The Price of Time, and the Demand for Medical Services

Phelps¹,

Newhouse²

1974

The Review of Economics and Statistics

146

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“…The demand for OTC medications has been analysed since the 1960s (Greenlick and Darsky, 1968). However, it was not until the 1990s that researchers emphasized the savings that governments may make by switching to OTC drugs (Johnson, 1991;McNamee, 1994).…”

Section: Introductionmentioning

confidence: 99%

Should the Coinsurance Rate Be Increased in the Case of the Common Cold? An Analysis Based on an Original Survey

Masako

Ohkusa

2002

Journal of the Japanese and International Economies

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Masako IiYokohama National University AbstractThis article examines the choice of health care in Japan by patients suffering from the common cold. Original data were obtained from a survey conducted by the authors. Empirical results show that the price elasticity of demand for medical services is between 0.23 and 0.36. This estimated price elasticity suggests that if the new medical insurance reform plan were to increase the coinsurance rate by 10% both for those insured and their and dependants, national medical costs may be reduced by, at most, 43 billion yen (358 million US dollars); correspondingly, this could increase the demand for over-the-counter (OTC) medicine, at most, by 8.8 billion yen (73.3 million US dollars). This result implies that medical services and OTC medications are substitutes. Moreover, a tenfold increase in the provision of information on drugs could reduce national medical costs by 60 billion yen (500 million US dollars) at most, with a corresponding increase in the demand for OTC medications by about 6.9 billion yen (57.5 million U.S. dollars).JEL Classifications: I11,I12, I31, I18

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A comparison of general drug utilization in a metropolitan community with utilization under a drug prepayment plan.

Cited by 25 publications

References 2 publications

In search of a corrected prescription drug Elasticity estimate: a meta‐regression approach

In search of a corrected prescription drug Elasticity estimate: a meta‐regression approach

Coinsurance, The Price of Time, and the Demand for Medical Services

Should the Coinsurance Rate Be Increased in the Case of the Common Cold? An Analysis Based on an Original Survey

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