Effects of prescription drug insurance on hospitalization and mortality: evidence from medicare part D
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<subfield code="a">Effects of prescription drug insurance on hospitalization and mortality: evidence from medicare part D</subfield>
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<subfield code="a">We used Medicare administrative data (20022009) and an instrumental variables design that exploits the natural experiment created by the implementation of Medicare Part D to estimate the effect of prescription drug coverage insurance on the use and costs of inpatient services. We find that gaining prescription drug insurance through Part D caused approximately a 4 percent decrease in hospital admission rate, a 25 percent decrease in Medicare inpatient payments per person, and a 1015 percent decrease in inpatient charges. Among specific types of admissions, gaining insurance was associated with significant decreases in admissions for CHF and COPD.</subfield>
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<subfield code="t">The Journal of risk and insurance</subfield>
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<subfield code="g">02/09/2019 Volumen 86 Número 3 - septiembre 2019 , p. 595-628</subfield>
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