编号：E-2023-3-1
题目：Examining the Zero-Markup Drug Policy in China: A Structural Approach
作者：Qifan Huang, Zhentong Lu, and Castiel Chen Zhuang
联系方式：Chen Zhuang，zogcee@gmail.com.
摘要：This paper estimates a structural model of China’s prescription drug market and quantifies the impact of the“Zero-Markup Drug Policy”on the profitability of hospital drugs and patient welfare. Results suggest that: physicians’ prescription choices are sensitive to both patients’ out-of-pocket costs and hospitals’ drug markups; drug pricing is largely dominated by provincial governments; branded drugs are more preferable and less price elastic than generic ones; the policy accounts for more than half of the decrease in average wholesale price; overall the policy improves patient welfare, and decreases the sales and profits of hospital drugs.
