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Evaluating the Impact of National Volume-Based Procurement: Evidence from China

Author

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  • Wang, Zeyang

Abstract

The Volume-Based Procurement (VBP) undertaken by governments significantly influences the healthcare landscape across numerous nations. Initiated in 2018 and broadened in 2019, the National Volume-Based Procurement in China has experienced eight phases of execution throughout key regions. This research utilizes a Difference-in-Differences (DID) framework to assess the effects of centralized procurement on pharmaceutical results. The results indicate that: (1) in the 2018 pilot phase, there was a significant reduction in drug expenditures, an increase in quantities, and a marked decline in prices; and (2) when analyzing the impact of all seven subsequent rounds, both expenditures and prices continued to show significant decreases, although quantities also saw a considerable decline.

Suggested Citation

  • Wang, Zeyang, 2024. "Evaluating the Impact of National Volume-Based Procurement: Evidence from China," MPRA Paper 123015, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:123015
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    More about this item

    Keywords

    Volume-Based Procurement (VBP); Pharmaceutical Prices; Difference-in-Differences (DID);
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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