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September 1998, Vol. 121, No. 9
Ernst Berndt, Iain Cockburn, Douglas Cocks, Arnold Epstein, and Zvi Griliches
Recent research suggests that there is little difference in the rates of drug price inflation facing older and younger Americans, when age-related patterns of consumption are taken into account. This article addresses the issue of whether price inflation of medical care goods and services used by the elderly differs from the price inflation of medical care goods and services used by younger Americans by focusing on elderly-nonelderly price inflation for prescription pharmaceuticals from 1990 to 1996.
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