Table 1:
Number of Drugs Prescribed or Continued During Physician Visits | Number with Generic Equivalents | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
DD-RD | Before 2006 | After 2006 | DD-RD | DD-RD | DD-RD | Before 2006 | After 2006 | DD-RD | DD-RD | ||
Panel A: sample without 2005 | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | |
Age 65 * Year 2006 | 0.606* | −0.286 | 0.292* | 0.563** | 0.621** | 0.260* | 0.025 | 0.265*** | 0.256** | 0.318** | |
(0.310) | (0.226) | (0.155) | (0.267) | (0.310) | (0.137) | (0.099) | (0.086) | (0.127) | (0.155) | ||
Covariates | No | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | Yes | |
Order of Polynomial | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | |
R-squared | 0.041 | 0.187 | 0.189 | 0.204 | 0.204 | 0.054 | 0.123 | 0.136 | 0.161 | 0.161 | |
Observations | 26,474 | 9,737 | 16,737 | 26,474 | 26,474 | 26,474 | 9,737 | 16,737 | 26,474 | 26,474 | |
Panel B: sample with 2005 | |||||||||||
Age 65 * Year 2006 | 0.770*** | −0.397** | 0.292* | 0.715*** | 0.628** | 0.465*** | −0.134 | 0.265*** | 0.425*** | 0.423*** | |
(0.285) | (0.188) | (0.155) | (0.253) | (0.274) | (0.139) | (0.097) | (0.086) | (0.130) | (0.162) | ||
Covariates | No | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | Yes | |
Order of Polynomial | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | |
R-squared | 0.035 | 0.190 | 0.189 | 0.203 | 0.204 | 0.050 | 0.124 | 0.136 | 0.158 | 0.158 | |
Observations | 29,775 | 13,038 | 16,737 | 29,775 | 29,775 | 29,775 | 13,038 | 16,737 | 29,775 | 29,775 |
Control variables for all regressions include a dummy for year 2006 or later, age 65 or over, a polynomial control of age in days and full interaction with the age 65 dummy and year2006 dummy.
Additionally, specifications with covariates include patient sex, race, Charlson index dummies, disease category by primary diagnosis codes, visit quarter, physician specialty type, whether it is a solo practice or not, electronic medical records utilization (yes or no), metropolitan statistical area (MSA) status and dummy for revenue from Medicare patients above median of the sample.
***Significant at the 1% level (two-tail test); ** Significant at the 5% level (two-tail test); * Significant at the 10% level (two-tail test).