Table 2

Dynamic effect of the zero-mark-up medicines policy (2012–2020)

Length of policy implementationObservations (n)Marginal effect on the proportionate medicines revenueMarginal effect on the proportionate medical service revenueMarginal effect on the proportionate government subsidy revenue
The year of implementation1210−0.0776 (0.0148)***0.0862 (0.0167)***−0.0086 (0.0116)
1 year after implementation1210−0.1065 (0.0134)***0.1077 (0.0151)***−0.0012 (0.0118)
2 years after implementation1210−0.1304 (0.0124)***0.1087 (0.0136)***0.0216 (0.0104)*
3 years after implementation1210−0.1329 (0.0108)***0.1126 (0.0119)***0.0203 (0.0089)*
4 years after implementation324−0.1415 (0.0118)***0.1266 (0.0135)***0.0149 (0.0096)
5 years after implementation162−0.1694 (0.0125)***0.1170 (0.0213)***0.0524 (0.0229)*
6 years after implementation27−0.1843 (0.0151)***0.1529 (0.0219)***0.0314 (0.0143)*
  • *P<0.05, ***P<0.001.

  • Cluster-robust SEs are within parentheses.