Examines why both income and supply have increased from 1977 to 1994. Discusses the impact of managed care, statistics, quality of care and specialists. Includes charts.
Written in 1999; 2,250 words; 13 sources; $ 79.95
From the Paper:
"PHYSICIAN INCOME AND PHYSICIAN SUPPLY: AN ECONOMIC ANALYSIS
Abstract
This research examined why physician income has increased in the United States as physician supply has increased. This question was analyzed with data for the 1977-1994 period, as this period (1) reflected the substantial changes in both physician income and physician supply and (2) provided complete data for each of the variables prior to the time that managed care became the dominant force in health care delivery in the United States.
No anomaly was found between the actions of demand, prices, and supply in the physician care market for the 1977-1997 period and economic theory related to demand and supply when the data were considered on a disaggregated basis. The anomaly appeared ..."
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