The Only Prescription Is Transparency: The Effect of Charge-Price-Transparency Regulation on Healthcare Prices

References

• Baber W, Roberts A, Visvanathan G (2002) Charitable organizations’ strategies and program spending ratios. Accounting Horizons 15(4):329–343.Crossref, Google Scholar
• Balakrishnan R, Eldenburg L, Krishnan R, Soderstrom N (2010) The influence of institutional constraints on outsourcing. J. Accounting Res. 18(4):767–794.Google Scholar
• Ball R (1980) Discussion of accounting for research and development costs: The impact on research and development expenditures. J. Accounting Res. 18:27–37.Crossref, Google Scholar
• Barrette E, Kennedy K (2016) The price-quality paradox in health care. Report, Health Care Cost Institute, Washington, DC. Accessed February 2, 2018, https://www.healthcostinstitute.org/research/publications/hcci-research/entry/the-price-quality-paradox-in-health-care.Google Scholar
• Benson L (2006) Minnesota hospitals put prices online. MPR News (September 29), https://www.mprnews.org/story/2006/09/29/hospcosts.Google Scholar
• Bilirakis M (2006) What's the cost? Proposals to provide consumers with better information about healthcare service costs. Statement, Hearing before the Subcommittee on Health, Committee on Energy and Commerce, 109th Cong., 2nd sess., serial 109–70, https://www.govinfo.gov/content/pkg/CHRG-109hhrg27590/html/CHRG-109hhrg27590.htm.Google Scholar
• Bromley P, Hwang H, Powell WW (2013) Decoupling revisited: Common pressures, divergent strategies in the U.S. nonprofit sector. M@n@gement 15(5):469–501.Crossref, Google Scholar
• Brooks J, Dor A, Wong H (1997) Hospital-insurer bargaining: An empirical investigation of appendectomy pricing. J. Health Econom. 16(4):417–434.Crossref, Google Scholar
• Brown ZY (2018) Equilibrium effects of health care price information. Rev. Econom. Statist. 101(4):699–712.Google Scholar
• Brown J, Goolsbee A (2002) Does the Internet make markets more competitive? Evidence from the life insurance industry. J. Political Econom. 119:481–507.Crossref, Google Scholar
• CSBJ Web Admin (2008) Legislation intended to clear up confusion about health care costs. Colorado Springs Business Journal (May 2), https://www.csbj.com/2008/05/02/legislation-intended-to-clear-up-confusion-about-health-care-costs/.Google Scholar
• Charlson M, Pompei P, Ales K, Mackenzie C (1987) A new method of classifying prognostic comorbidity in longitudinal studies: Development and validation. J. Chronic Dis. 40(5):373–383.Crossref, Google Scholar
• Chernew M, Gowrisankaran G, Scanlon D (2008) Learnings and the value of information: Evidence from health plan report cards. J. Econometrics 144(1):156–174.Crossref, Google Scholar
• Congressional Budget Office (2012) The 2012 Long-Term Budget Outlook (Congressional Budget Office, Washington, DC).Google Scholar
• Cooper Z, Craig S, Gaynor M, Reenen JV (2019) The price ain't right? Hospital prices and health spending on the privately insured. Quart. J. Econom. 134(1):51–107.Crossref, Google Scholar
• Cox C, Kamal R (2017) How has U.S. spending on healthcare changed over time? Health System Tracker. Accessed October 19, 2018, https://www.healthsystemtracker.org/chart-collection/u-s-spending-healthcare-changed-time/# item-start.Google Scholar
• Cunningham P, Sonmez F (2018) Trump says he’s taking ‘revolutionary’ action to lower drug prices. Washington Post (October 25), https://www.washingtonpost.com/politics/trump-to-address-drug-prices-in-speech-shifting-focus-to-health-care-before-midterm-elections/2018/10/25/88e16e0a-d84b-11e8-a10f-b51546b10756_story.html?utm_term=.3d879ead9c3a.Google Scholar
• Cutler D, Huckman R, Landrum M (2004) The role of information in medical markets: An analysis of publicly reported outcomes in cardiac surgery. Amer. Econom. Rev. 94(2):342–348.Crossref, Google Scholar
• Dafny L, Dranove D (2008) Do report cards tell consumers anything they don’t already know? The case of Medicare HMOs. RAND J. Econom. 39(3):790–821.Crossref, Google Scholar
• Department of Health and Human Services (2018) American patients first: The Trump administration blueprint to lower drug prices and reduce out-of-pocket costs. Report, Department of Health and Human Services, Washington, DC. Accessed September 30, 2018, https://www.hhs.gov/sites/default/files/AmericanPatientsFirst.pdf Google Scholar
• Desai S, Hatfield L, Hicks A, Chernew M, Mehrotra A (2016) Association between availability of a price transparency tool and outpatient spending. JAMA 315(17):1874–1881.Crossref, Google Scholar
• Dranove D, Kessler D, McClellan M, Satterthwaite M (2003) Is more information better? The effects of report cards on health care providers. J. Polit. Econom. 111(3):555–588.Crossref, Google Scholar
• Eldenburg L (1994) The use of information in total cost management. Accounting Rev. 69(1):96–121.Google Scholar
• Eldenburg L, Soderstrom N (1996) Accounting system management by hospitals operating in a changing regulatory environment. Accounting Rev. 71(1):23–42.Google Scholar
• Evans III JH, Hwang Y, Nagarajan N, Shastri K (1997) Involuntary benchmarking and quality improvement: The effect of mandated public disclosure on hospitals. J. Accounting Auditing Finance 12(3):315–346.Crossref, Google Scholar
• Glazer A (1981) Advertising, information, and prices—A case study. Econom. Inquiry 19(4):661–671.Crossref, Google Scholar
• Henry J (2007) Hospital report cards proliferate. Arkansas Business (October 8), https://www.arkansasbusiness.com/print/article/44459.Google Scholar
• Iowa Hospital Charges (2014). Understanding facility charge information. Accessed April 4, 2014, http://www.iowahospitalcharges.com/Web/InpatientServices.aspx.Google Scholar
• Goldeen J (2009) Web tool compares hospital prices. The Record (May 27), https://www.recordnet.com/article/20090527/A_BIZ/905270322.Google Scholar
• Kaiser Health News (2012) Employers, unions ask for greater health care price transparency. Accessed October 19, 2018, https://khn.org/morning-breakout/transparency-and-coverage/.Google Scholar
• Krishnan R, Yetman M (2011) Institutional drivers of reporting decisions in nonprofit hospitals. J. Accounting Res. 49(4):1001–1039.Crossref, Google Scholar
• Krishnan R, Yetman M, Yetman B (2006) Expense misreporting in nonprofit organizations. Accounting Rev. 81(2):399–420.Crossref, Google Scholar
• Kwoka J (1984) Advertising and the price and quality of optometric services. Amer. Econom. Rev. 74(1):211–216.Google Scholar
• Lawlor J (2015) New Maine website gives patients tools to compare hospital costs. Portland Press Herald (October 31), https://www.pressherald.com/2015/10/31/new-website-gives-patients-tools-to-compare-hospital-costs/.Google Scholar
• Lieber E (2017) Does it pay to know prices in health care? Amer. Econom. J. Econom. Policy 9(1):154–179.Crossref, Google Scholar
• Luksetich W, Lofgreen H (1976) Price advertising and liquor prices. Indust. Organ. Rev. 4(1):13–25.Google Scholar
• Mehrotra A, Hussey PS, Milstein A, Hibbard JH (2012) Consumers’ and providers’ responses to public cost reports, and how to raise the likelihood of achieving desired results. Health Affairs 31(4):843–851.Crossref, Google Scholar
• Meyer JW, Rowan B (1977) Institutionalized organizations: Formal structure as myth and ceremony. Amer. J. Sociol. 83(2):340–363.Crossref, Google Scholar
• Milyo J, Waldfogel J (1999) The effect of price advertising on prices: Evidence in the wake of 44 Liquormart. Amer. Econom. Rev. 89(5):1081–1096.Crossref, Google Scholar
• Mulherin H (2007) Measuring the costs and benefits of regulation: Conceptual issues in securities markets. J. Corporate Finance 13(2-3):421–437.Crossref, Google Scholar
• PRNewswire (2007) Texas Hospital Association; New web site allows consumers to compare hospital charge information. Houston Chronicle (March 27), https://www.chron.com/news/article/PRN-New-Web-Site-Allows-Consumers-to-Compare-1666849.php.Google Scholar
• Reinhardt U (2006) The pricing of U.S. hospital services: Chaos behind a veil of secrecy. Health Affairs 25(1):57–69.Crossref, Google Scholar
• Roy A (2012) Why do hospitals charge $4,423 for $250 CT scans? Blame Arizona Republicans. Forbes (May 27), https://www.forbes.com/sites/theapothecary/2012/05/27/why-do-hospitals-charge-4423-for-250-ct-scans-blame-arizona-republicans/#152fb5564875Google Scholar
• Ruef M, Scott W (1998) A multidimensional model of organizational legitimacy: Hospital survival in changing institutional environments. Admin. Sci. Quart. 43(4):877–904.Crossref, Google Scholar
• Sanborn S (2016) SPECIAL REPORT: Hospital Shopping. Fox 28 website (November 21), https://cbs2iowa.com/news/local/special-report-hospital-shopping.Google Scholar
• Scott W, Ruef M, Mendel P, Caronna C (2000) Institutional Change and Healthcare Organizations (University of Chicago Press, Chicago).Google Scholar
• Semro B (2014) Website allows Colorado consumers to compare prices for hospital procedures. Huffington Post (August 5), https://www.huffpost.com/entry/website-allows-colorado-c_b_5652226.Google Scholar
• Sinaiko A, Rosenthal M (2011) Increased price transparency in health care—Challenges and potential effects. New England J. Medicine 364(10):891–894.Google Scholar
• Sohn M-W (2002) A relational approach to measuring competition among hospitals. Health Services Res. 37(2):457–482.Crossref, Google Scholar
• Stigler G (1961) The economics of information. J. Political Econom. 69(3):213–225.Crossref, Google Scholar
• Suchman M (1995) Localism and globalism in institutional analysis: The emergence of contractual norms in venture finance. Scott R, Christensen S, eds., The Institutional Construction of Organizations: International and Longitudinal Studies (Sage, Thousand Oaks, CA), 39–63.Google Scholar
• Wahlberg D (2011) Health care transparency law takes effect. Wisconsin State Journal (January 7), https://madison.com/wsj/news/local/health_med_fit/health-care-transparency-law-takes-effect/article_e50dcbd0-19ed-11e0-9962-001cc4c002e0.html.Google Scholar
• Whaley C, Schneider J, Pinkard S, Kellerman G, Bravata D, Kocher R, Sood N (2014) Association between availability of health service prices and payments for these services. JAMA 312(16):1670–1676.Crossref, Google Scholar