Table 8. Pooled cross-section time-series analysis of percent change real SNF payment rates: 1980-86.
| Independent variables | Alternative specifications | |||
|---|---|---|---|---|
| CONSTANT |
*5.73 (5.5) |
*−48.49 (2.6) |
2.17 (1.5) |
**−44.86 (2.5) |
| PFS |
*−4.11 (3.7) |
*−3.88 (3.6) |
−3.08 (1.7) |
−2.77 (1.5) |
| PCL |
*−5.36 (3.6) |
*−6.20 (3.8) |
−2.08 (0.8) |
−3.04 (1.4) |
| COM |
*−3.62 (2.6) |
*−3.89 (2.7) |
−0.58 (0.2) |
−1.36 (0.5) |
| POP65 | — | 0.11 (0.6) |
— | 0.10 (0.4) |
| DRS | — | −0.02 (1.6) |
— | −0.02 (1.8) |
| LIFEX | — |
*2.61 (2.6) |
— |
**2.34 (2.3) |
| HOSP | — | 0.05 (1.8) |
— |
**0.06 (2.0) |
| UNEMP | — | 0.04 (0.2) |
— | −0.10 (0.4) |
| INCOME | — | 2.05 (1.7) |
— | 1.64 (1.4) |
| YEAR81(ORA) | — | — |
*9.85 (4.3) |
*10.20 (4.4) |
| YEAR83(PPS) | — | — |
*−7.49 (3.1) |
*−9.26 (3.6) |
| Y81 * PFS | — | — |
**−6.57 (2.4) |
**−6.72 (2.5) |
| Y81 * PCL | — | — |
*−9.89 (2.6) |
*−9.89 (2.6) |
| Y81 * COM | — | — |
**−8.79 (2.5) |
**−8.18 (2.4) |
| Y83 * PFS | — | — |
**7.80 (2.8) |
*8.11 (2.9) |
| Y83 * PCL | — | — |
**8.39 (2.4) |
*8.64 (2.5) |
| Y83 * COM | — | — |
**7.05 (2.1) |
**7.42 (2.3) |
| MSE | 49.39 | 47.18 | 47.65 | 48.38 |
| SAMPLE | 287 | 287 | 287 | 287 |
*
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.