Showing results 1 - 10 of 13
| David Cutler
November 11, 2020, Video: "The Economic Cost of COVID-19 David Cutler, Harvard University and NBER November 11, 2020."
| David Cutler | Lawrence H. Summers
October 12, 2020, Paper; "The SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2) pandemic is the greatest threat to prosperity and well-being the US has encountered since the Great Depression. This Viewpoint aggregates mortality, morbidity, mental health conditions, and direct economic losses to estimate the total cost of the pandemic in the US on the optimistic assumption that it will be substantially contained by the fall of 2021.…
| David Cutler | Robert S. Huckman
May 1, 2020, Paper, "The United States will eventually get through the acute coronavirus disease 2019 (COVID-19) crisis but not without fundamental changes to the medical care system. Since the epidemic began, payment policy has stretched to remedy the bias of the health care system for in-person treatment provided by physicians. In response to the need for social distancing, new policies include broader payment for telemedicine, expanded scope-…
| David Cutler
How Will COVID-19 Affect the Health Care Economy? David Cutler, April 9, 2020, Paper, "Coronavirus disease 2019 (COVID-19) has created an economic crisis alongside a health care crisis. During the 2 weeks ending on March 28, nearly 10 million people filed for unemployment insurance, dwarfing any previous monthly numbers. Estimates suggest that the US economy will contract by 10% to 25% during the second quarter. The US has entered a COVID-19…
| David Cutler
March 2020, Paper: "Administrative costs account for one-quarter to one-third of health-care spending in the United States. This share is far greater than in other countries and exceeds all estimates of the amount necessary to perform the functions of health-care administration. This paper considers how administrative costs in health care could be reduced. The particular focus is on administrative costs where coordination among parties is…
| David Cutler
March 3, 2020, Paper: "Some of the most valuable innovations known to medicine have come from the pharmaceutical industry. Yet, the cost of those innovations places new drugs out of reach for many patients and significantly burdens others. Are pharmaceutical companies earning too much? Deciding whether pharmaceutical companies earn too much money is complicated. In this issue of JAMA, 2 reports take different approaches to the question. In one…
| David Cutler | Francesca Dominici
June 12, 2018, Paper, "President Donald Trump and Environmental Protection Agency (EPA) Administrator Scott Pruitt have pledged to reexamine landmark environmental policies and to repeal regulations. In their view, excessive regulations are harming US industry, and thus reducing regulation will be good for business. As Donald Trump has said, seemingly without irony, 'We are going to get rid of the regulations that are just destroying us. You can…
| David Cutler
What Is The US Health Spending Problem? David Cutler, February 14, 2018, Paper, "Is increased spending on medical care harmful to the US economy? The overall share of the gross domestic product spent on medical care is not a problem, provided that the services bought are worth more than their cost. However, high and rising costs expose two often-overlooked problems. First, spending is too high because many dollars are wasted. Estimates suggest…
| David Cutler
Rising Medical Costs Mean More Rough Times Ahead. David Cutler, August 8, 2017, Opinion, "Medical costs are rising again, after recent years of historic lows. As the figure shows, growth rates of real per person medical spending in the past 3 years have averaged 3.4% annually, up from 0.9% in 2011 to 2013. Although the current growth rate is low in a historical context, it exceeds the economy’s growth as a whole. Thus, health costs are expected…
| David Cutler
Economic Conditions and Mortality: Evidence from 200 Years of Data. David Cutler, March 29, 2016, Paper. "Using historical mortality data covering over 100 birth cohorts in 32 countries, this paper examines the short- and long- term effects of economic conditions on mortality. We confirm two seemingly contradictory patterns documented before. Poor economic conditions while growing up (from birth to age 25) significantly raise adult mortality.…