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An econometric analysis of health care reform in the U.S

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  • Bahram Adrangi
  • Kambiz Raffiee

Abstract

This paper simulates the effects of funding a comprehensive health plan (CHP) on consumer spending in the U.S. using a demographically enhanced dynamic Almost Ideal Demand System model. Quarterly observations on personal consumption expenditures and the relevant price indices of seven major commodity and service groups in the U.S. for the period 1963. 1 through 1989.4 comprise our data set. Our results show that the CHP financing causes no significant adjustment on the demand-side of the economy, i.e., consumer expenditures on the seven major commodity and service groups would decrease slightly in the short run under the CHP financing. (JEL D00) Copyright International Atlantic Economic Society 1997

Suggested Citation

  • Bahram Adrangi & Kambiz Raffiee, 1997. "An econometric analysis of health care reform in the U.S," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 3(2), pages 181-192, May.
  • Handle: RePEc:kap:iaecre:v:3:y:1997:i:2:p:181-192:10.1007/bf02294939
    DOI: 10.1007/BF02294939
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    References listed on IDEAS

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    1. Jonathan Gruber & Brigitte C. Madrian, 1993. "Limited Insurance Portability and Job Mobility: The Effects of Public Policy on Job-Lock," NBER Working Papers 4479, National Bureau of Economic Research, Inc.
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    5. Brigitte C. Madrian, 1994. "Employment-Based Health Insurance and Job Mobility: Is there Evidence of Job-Lock?," The Quarterly Journal of Economics, Oxford University Press, vol. 109(1), pages 27-54.
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    7. Mark V. Pauly, 1994. "Universal Health Insurance in the Clinton Plan: Coverage as a Tax-Financed Public Good," Journal of Economic Perspectives, American Economic Association, vol. 8(3), pages 45-53, Summer.
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    10. Jonathan Gruber & Brigitte C. Madrian, 1994. "Health Insurance and Job Mobility: The Effects of Public Policy on Job-Lock," ILR Review, Cornell University, ILR School, vol. 48(1), pages 86-102, October.
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    13. Pashardes, Panos, 1986. "Myopic and Forward Looking Behavior in a Dynamic Demand System," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(2), pages 387-397, June.
    14. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    Cited by:

    1. Don J. DeVoretz & Florin P. Vadean, 2008. "Cultural Differences in the Remittance Behaviour of Households: Evidence from Canadian Micro Data," Studies in Economics 0814, School of Economics, University of Kent.

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    JEL classification:

    • D00 - Microeconomics - - General - - - General

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