Council on Wage and Price Stability Commissions Hospital Industry Study

by Albert Rees on June 5, 1975
by Albert Rees

Albert Rees, Director of the Council on Wage and Price Stability, announced today that the Council has commissioned a Hospital Industry Price and Wage Study to be done by Martin Feldstein, Professor of Economics at Harvard University, who has written extensively on health care economics.

The study will consist of three separate but closely related parts: (1) a general analysis of hospital cost and wage increases during the past decade; (2) an economic and statistical analysis of hospital costs using observations for each state; and (3) a microeconomic analysis of a sample of individual hospitals.

“Once this study is completed,” Rees stated, “the Council will determine if any recommendations should be made. Before doing so, we need to have the data and analysis that Dr. Feldstein’s study will provide.”

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