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How Good a Deal Was the Tobacco Settlement?: Assessing Payments to Massachusetts

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Author Info
D. Cutler
R.G. Frank
C. King III
M.B. Rosenthal
E.R. Vigdor
A.M. Epstein
R.S. Hartman
J.P. Newhouse

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Abstract

We estimate the increment in Massachusetts Medicaid program costs attributable to smoking from December 20, 1991, to 1998. We describe how our methods improve upon earlier estimates of analogous costs at the national level. Current costs to the Massachusetts Medicaid program approximate the payments to Massachusetts under the tobacco settlement of November 1998. Whether these payments are viewed as appropriate compensation for Medicaid costs over time depends upon the rate of increase in future health care costs, the rate of decline in smoking, the proportion of smoking that should be attributed to the actions of the tobacco companies and the liklihood that state would have prevailed at trial. The costs to the Medicaid program are dwarfed by the internal costs to smokers themselves.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 7747.

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Date of creation: Jun 2000
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Handle: RePEc:nbr:nberwo:7747

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I1 - Health, Education, and Welfare - - Health
K0 - Law and Economics - - General

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  2. Willard G. Manning Jr. & Charles E. Phelps, 1979. "The Demand for Dental Care," Bell Journal of Economics, The RAND Corporation, vol. 10(2), pages 503-525, Autumn. [Downloadable!] (restricted)
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  4. Viscusi, W Kip, 1999. "The Governmental Composition of the Insurance Costs of Smoking," Journal of Law & Economics, University of Chicago Press, vol. 42(2), pages 575-609, October.
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  7. W. Kip Viscusi, 1994. "Cigarette Taxation and the Social Consequences of Smoking," NBER Working Papers 4891, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Gary S. Becker & Michael Grossman & Kevin M. Murphy, 1994. "An Empirical Analysis of Cigarette Addiction," NBER Working Papers 3322, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  9. David M. Cutler & Jonathan Gruber & Raymond S. Hartman & M.B. Landrum, J. Newhouse & Meredith B. Rosenthal, 2000. "The Economic Impacts of the Tobacco Settlement," NBER Working Papers 7760, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  1. Donald Lacombe & Harold Winter, 2004. "In or out? explaining state shares of the tobacco Master Settlement Agreement," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 11(3), pages 279-285, November. [Downloadable!] (restricted)
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