Table 3.

Regressions of Risk-Adjusted Mortality Rates on Linear Instrumented BBA Cuts and Elasticity

	Risk-Adjusted Mortality‡
	In-Hospital	7 days	30 days	90 days	1 year
Mean of raw mortality (%) (SD)	12.67 (4.67)	10.40 (4.11)	17.56 (5.31)	22.90 (6.08)	29.52 (7.10)
Regression estimates§
Instrumented BBA cuts*1998–2000	0.13 (0.29)	−0.40 (0.26)	−0.30 (0.32)	−0.26 (0.35)	−0.42 (0.38)
Instrumented BBA cuts*2001–2005	−0.49† (0.25)	−0.90** (0.24)	−1.33** (0.29)	−1.67** (0.33)	−2.07** (0.35)
Elasticity
Elasticity for instrumented BBA cuts in 2001–2005	−0.11	−0.23	−0.21	−0.21	−0.19

Notes. Control variables are identical to the models reported in Table 2.

Bootstrapped standard errors in parentheses.

 ^‡Risk-adjusted mortality rate used as the dependent variable was normalized so that its average was 0 over the study period.

 ^§Regressions using linear instrumented BBA loss based on first-stage model in the Appendix.

 ^†significant at 10%; *significant at 5%; **significant at 1%.