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Reducing Healthcare Costs Requires Good Market Design, Peter Cramton, Brett E. Katzman
Reducing Healthcare Costs Requires Good Market Design, Peter Cramton, Brett E. Katzman
Faculty and Research Publications
Healthcare costs are no doubt too high, and Congress has been pushing for 13 years to harness market forces in Medicare procurement. But despite all this time, we are on the precipice of adopting a very poor market design, according to Peter Cramton of University of Maryland and Brett Katzman of Kennesaw State University.