Affiliation:
1. Harvard University and NBER (email: )
2. National Bureau of Economic Research (email: )
3. University of Michigan (email: )
4. University of Massachusetts (email: )
Abstract
This paper develops a satellite account for the US health sector and measures productivity growth in health care for the elderly population between 1999 and 2012. We measure the change in medical spending and health outcomes for a comprehensive set of 80 conditions. Medical care has positive productivity growth over the time period, with aggregate productivity growth of 1.5 percent per year. However, there is significant heterogeneity in productivity growth. Care for cardiovascular disease has had very high productivity growth. In contrast, care for people with musculoskeletal conditions has been costly but has not led to improved outcomes. (JEL E01, H51, I10)
Publisher
American Economic Association
Subject
Economics and Econometrics
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