Table 6. Pooled cross-section time-series analysis of real SNF payment rates: 1979-86.
| Independent variables | Alternative specifications | |||
|---|---|---|---|---|
| CONSTANT |
*12.19 (20.1) |
17.42 (1.2) |
*10.86 (19.6) |
21.54 (1.3) |
| PFS |
*1.45 (3.8) |
*1.44 (3.6) |
*2.17 (5.5) |
*2.02 (5.0) |
| PCL | −0.17 (0.2) |
−0.30 (0.4) |
**1.51 (2.0) |
1.27 (1.7) |
| COM | 0.45 (0.8) |
0.31 (0.5) |
**1.15 (2.1) |
**1.13 (2.0) |
| POP65 | — | −0.09 (0.9) |
— | −0.14 (1.5) |
| DRS | — | 0.01 (1.5) |
— | 0.00 (0.1) |
| LIFEX | — | −0.65 (0.6) |
— | −0.71 (0.7) |
| HOSP | — |
*0.03 (2.6) |
— |
**0.02 (2.0) |
| UNEMP | — | −0.02 (0.4) |
— | −0.02 (0.3) |
| INCOME | — | 0.61 (1.9) |
— | 0.00 (0.9) |
| YEAR81(ORA) | — | — |
*2.21 (5.7) |
*2.25 (5.6) |
| YEAR83(PPS) | — | — |
*1.95 (4.6) |
*1.44 (3.0) |
| Y81 * PFS | — | — |
*−1.97 (4.6) |
*−1.88 (4.4) |
| Y81 * PCL | — | — |
*−2.29 (4.0) |
*−2.42 (4.2) |
| Y81 * COM | — | — |
*−1.95 (3.7) |
*−1.99 (3.7) |
| Y83 * PFS | — | — |
**−1.07 (2.3) |
**−0.98 (2.1) |
| Y83 * PCL | — | — |
*−1.72 (3.0) |
*−1.70 (2.9) |
| Y83 * COM | — | — |
**−1.37 (2.5) |
**−1.24 (2.3) |
| MSE | 1.53 | 1.54 | 1.22 | 1.22 |
| SAMPLE | 328 | 328 | 328 | 328 |
*
Significant at 0.01 level.
**
Significant at 0.05 level.
NOTES: Absolute value of asymptotic t-statistic in parentheses. SNF is skilled nursing facility. ORA is Omnibus Reconciliation Act. PPS is prospective payment system.
SOURCE: (Swan, Harrington, and Grant, 1988); Statistical Abstract of the United States, 1980-1988 annual issues; American Medical Association, Physician Characteristics and Distribution in the U.S., 1981-1988 annual issues; American Hospital Association, Hospital Statistics, 1980-1987 annual issues.