Ziad Obermeyer

May 6, 2024 | aei.org | Amitabh Chandra |Evan Flack |Ziad Obermeyer

AbstractWhat happens when patients suddenly stop their medications? We study the health consequences of drug interruptions caused by large, abrupt, and arbitrary changes in price. Medicare’s prescription drug benefit as-if-randomly assigns 65-year-olds a drug budget as a function of their birth month, beyond which out-of-pocket costs suddenly increase.