How Do Hospitals Respond to Market Entry? Evidence from A Deregulated Market for Cardiac Revascularization
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We thank Shin-Yi Chou, Mary E. Deily, James A. Dearden, Yang Wang, and seminar participants at the Lehigh Economics Department, George Washington University, and the Federal Trade Commission Bureau of Economics for helpful comments. Much of the data used in this analysis was from the Pennsylvania Health Care Cost Containment Council (PHC4). The PHC4 is an independent state agency responsible for addressing the problem of escalating health costs, ensuring the quality of health care, and increasing access to health care for all citizens regardless of ability to pay. PHC4 has provided data to this entity in an effort to further PHC4's mission of educating the public and containing health care costs in Pennsylvania. PHC4, its agents, and staff, have made no representation, guarantee, or warranty, express or implied, that the data - financial, patient, payer, and physician specific information - provided to this entity, are error-free, or that the use of the data will avoid differences of opinion or interpretation. This analysis was not prepared by PHC4. This analysis was done by Suhui Li and Avi Dor. PHC4, and its agents and staff bear no responsibility or liability for the results of the analysis, which are solely the opinion of the authors. Avi Dor acknowledges funding support from NIH. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.