@article{bc51ce7c28214c90b1ef01bcbda179f4,
title = "Medicare's Prospective Payment System: The Victim of Aggregation Bias?",
author = "Susan Feigenbaum and Gerard Anderson and Lave, \{Judith R.\}",
note = "Downloadable (with restrictions)! Since 1979, the Medicare program has relied upon hospital cost function parameter estimates to develop a hospital-level and, subsequently, patient-level reimbursement system. This paper demonstrates that the resulting payment adjusters are derived from biased estimates of the impact of patient and hospital-specific characteristics on individual treatment cost.",
year = "1992",
month = feb,
day = "1",
doi = "10.2307/2109559",
language = "American English",
volume = "74",
journal = "The Review of Economics and Statistics",
}