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Title
Hospital wage and price controls: lessons from the Economic Stabilization Program.
First Author
Ozminkowski, Ronald J
Date of Pub
1994 Winter
Pages
13-43
Volume
16
Issue
2
Other Authors
Coit, Anne J; Gabay, Mary; Gaumer, Gary L
Abstract
The Clinton Administration has implied that short-run failures to control health care costs may cause a reexamination of wage and price controls as elements of comprehensive health care reform. The most recent imposition of mandatory wage and price controls was the Economic Stabilization Program (ESP) of the early 1970s. We analyze trends in hospitals' economic behavior and utilization before, during, and after ESP. We also review the relevant literature to estimate ESP's impact, considering other factors that influence hospital behavior. Noting important changes in the hospital industry since the 1970s, we conclude that ESP had limited effect and that similar controls would have little effect today.
Abstract Continued
N/A
MeSH
Cost Control/legislation & jurisprudence/trends : Cost-Benefit Analysis : Data Collection : Health Care Reform/economics : Hospital Charges/legislation & jurisprudence/statistics & numerical data : Income/statistics & numerical data : Inflation, Economic : Rate Setting and Review : Salaries and Fringe Benefits/legislation & jurisprudence/statistics & numerical data : Support, U.S. Gov't, Non-P.H.S. : United States
NTIS Number
PB99-106486