When Turing Pharmaceuticals raised the price of a drug that had been on the market for over 60 years from $13 to $750 a pill there was overwhelming public dismay. For many, it highlighted the growing concern over prescription drug prices.
In a new Health Affairs article released in February, Schaeffer Center researchers provide evidence that hospital productivity increased from 2002 to 2011, suggesting that the US health care system could be performing better than many believe. John Romley, Research Assistant Professor at the USC Schaeffer Center for Health Policy and Economics and lead author on the study observes, “The Affordable Care Act asks hospitals and other health care providers to achieve the level of productivity gains seen in the rest of the economy. In recent years, U.S. hospitals have actually managed to make that kind of improvement in treating a number of important conditions.”