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NBER WP Abstract: Aggregate Effects of Health Insurance: Evidence from the Introduction of Medicare
National Bureau of Economic Research [NBER] 
Sept. 22, 2005
Excerpt: This paper investigates the effects of market-wide changes in health insurance by examining the single largest change in health insurance coverage in American history: the introduction of Medicare in 1965. I estimate that the impact of Medicare on hospital spending is substantially larger than what the existing evidence from individual-level changes in health insurance would have predicted.
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