Economics of Health and Health Care

ISBN-10: 0132279428

ISBN-13: 9780132279420

Edition: 5th 2007 (Revised)

Authors: Sherman Folland, Miron Stano, Allen C. Goodman

List price: $168.00
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Description:

This step-by-step introduction to the economics of health and health care thoroughly develops and explains economic ideas and models to reflect the full spectrum of health economics literature, using such core economic themes as supply and demand.
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Book details

List price: $168.00
Edition: 5th
Copyright year: 2007
Publisher: Prentice Hall PTR
Binding: Hardcover
Pages: 648
Size: 8.25" wide x 10.25" long x 1.00" tall
Weight: 2.882
Language: English

Preface
Basic Economics Tools
Introduction
The Relevance of Health Economics
Economic Methods and Examples of Analysis
Does Economics Apply to Health and Health Care?
Is Health Care Different?
New Challenges to Health Economists - Managed Care, Health Care Costs, and Health Insurance
Conclusions
Summary
Discussion Questions
Exercises
Microeconomic Tools for Health Economics
Scarcity and the Production Possibilities Frontier
Practice with Supply and Demand
Functions and Curves
Consumer Theory: Ideas Behind the Demand Curve
Individual and Market Demands
Elasticities
Production and Market Supply
The Firm Supply Curve Under Perfect Competition
Monopoly and Other Market Structures
Welfare Losses
Conclusions
Summary
Discussion Questions
Exercises
Statistical Tools for Health Economics
Hypothesis Testing
Difference of Means
Regression Analysis
Multiple Regression Analysis
Statistical Inference in the Sciences and Social Sciences
Conclusions
Summary
Discussion Questions
Exercises
Economic Efficiency and Cost Benefit Analysis
Economic Efficiency
Cost-Benefit Analysis: Background
Cost-Benefit Analysis: Basic Principles
Cost-Effectiveness Analysis
Cost-Utility Analysis, QALYs, and DALYs
Is CUA Consistent with CBA?
Extra-Welfarism
The Ageism Critique of QALYs
Conclusions
Summary
Discussion Questions
Exercises
Discounting
Supply and Demand
The Production of Health
The Production Function of Health
The Historical Role of Medicine and Health Care
The Production Function of Health in the Modern Day
The Role of Schooling
Conclusions
Summary
Discussion Questions
Exercises
The Production, Cost, and Technology of Health Care
Production and the Possibilities for Substitution
Costs in Theory and Practice
Technical and Allocative Inefficiency
Technological Changes and Costs
Diffusion of New Health Care Technologies
Conclusions
Summary
Discussion Questions
Exercises
Demand for Health Capital
The Demand for Health
Labor-Leisure Trade-Offs
The Investment/Consumption Aspects of Health
Investment over Time
The Demand for Health Capital
Changes in Equilibrium: Age, Wage, Education, and Uncertainty
Empirical Analyses Using Grossman's Model
Conclusions
Summary
Discussion Questions
Exercises
Demand and Supply of Health Insurance
What Is Insurance?
Risk and Insurance
The Demand for Insurance
The Supply of Insurance
The Case of Moral Hazard
Health Insurance and the Efficient Allocation of Resources
Conclusions
Summary
Discussion Questions
Exercises
Consumer Choice and Demand
Applying the Standard Budget Constraint Model
Two Additional Demand Shifters-Time and Coinsurance
Issues in Measuring Health Care Demand
Empirical Measurements of Demand Elasticities
Impacts of Insurance on Aggregate Expenditures
Other Variables Affecting Demand
Conclusions
Summary
Discussion Questions
Exercises
Information and Insurance Markets
Asymmetric Information and Agency
Overview of Information Issues
Asymmetric Information
Appllication of the Lemons Principle: Health Insurance
The Agency Relationship
Consumer Information, Prices, and Quality
Conclusions
Summary
Discussion Questions
Exercises
The Organization of Health Insurance Markets
Loading Costs and the Behavior of Insurance Firms
Employer Provision of Health Insurance: Who Pays?
Employer-Based Health Insurance and Labor Supply
The Market for Insurance
The Uninsured: An Analytical Framework
Insurance, Technological Change, and Higher Costs
Evidence on Insurance, Technological Change, and Inflation
Conclusions
Summary
Discussion Questions
Exercises
Managed Care
What Is the Organizational Structure?
What Are the Economic Characteristics?
The Emergence of Managed Care Plans
Development and Growth of Managed Care: Why Did It Take So Long?
Modeling Managed Care
How Does Managed Care Differ?-Empirical Results
Growth in Spending
Competitive Effects
Conclusions
Summary
Discussion Questions
Exercises
Nonprofit Firms
An Introduction to Nonprofits
Why Nonprofits Exist and Why They Are Prevalent in Health Care
Models of Nonprofit Hospital Behavior
The Relative Efficiency of Nonprofits Versus For-Profits
Conclusions
Summary
Discussion Questions
Exercises
Key Players in the Health Care Sector
Hospitals and Long-Term Care
Background and Overview of Hospitals
Hospital Utilization and Costs
Nursing Homes
Hospice, Home Health, and Informal Care
Conclusions
Summary
Discussion Questions
Exercises
The Physician's Practice
A Benchmark Model of the Physician's Practice
Supplier-Induced Demand (SID)
Small Area Variations (SAV)
Other Physician Issues and Policy Puzzles
Conclusions
Summary
Discussion Questions
Exercises
Health Care Labor Markets and Professional Training
The Demand for and Supply of Health Care Labor
Factor Productivity and Substitution Among Factors
Health Manpower Availability and the Meaning of Shortages
Medical Education Issues and the Question of Control
Licensure and Monopoly Rents
Other Physician Labor Issues
Conclusions
Summary
Discussion Questions
Exercises
The Pharmaceutical Industry
Structure and Regulation
The Production of Health and Substitutability
Drug Pricing and Profits
R&D and Innovation
Cost Containment
Conclusions
Summary
Discussion Questions
Exercises
Social Insurance
Equity, Efficiency, and Need
Efficiency and Competitive Markets
Deviations from the Competitive Model in the Health Care Sector
Promoting Competition in the Health Care Sector
An Economic Efficiency Rationale for Health Care Programs Based on Externalities
Need and Need-Based Distributions
Horizontal Equity and Need
Theories of Social Justice
Conclusions
Summary
Discussion Questions
Exercises
Government Intervention in Health Care Markets
Economic Rationale for Government Intervention
Forms of Government Intervention
Government Involvement in Health Care Markets
Government Failure
Competitive Strategies
Conclusions
Summary
Discussion Questions
Exercises
Government Regulation: Principal Regulatory Mechanisms
Do the Laws of Supply and Demand Apply?
Objectives of Regulation
Regulation of the Hospital Sector
Prospective Payment
The Theory of Yardstick Competition and DRGs
Prospective Payment: Recent Evidence
Regulation of Physician Payment
Antitrust
Conclusions
Summary
Discussion Questions
Exercises
Social Insurance
Social Insurance Policies and Social Programs
Historical Roots of Social Insurance
Medicare and Medicaid in the United States
Public Insurance and Health
The Effects of Medicare and Medicaid
Criticisms of the U.S. Health Care System
Conclusions
Summary
Discussion Questions
Exercises
Comparative Health Care Systems and Health System Reform
Contemporary Health Care Systems
National Health Programs: United Kingdom and Germany
The Canadian Health Care System
Different Systems: The Public's Evaluation
Differences in Health Care Spending Across Countries
National Health Insurance
Ensuring Access to Care
Conclusions
Summary
Discussion Questions
Exercises
Special Topics
The Health Economics of Bads
An Introduction to Bads
Models of Addiction
Rationales for Public Intervention
Advertising Restrictions on Cigarettes and Alcohol
Excise Taxes and Consumption of Cigarettes and Alcohol
Conclusions
Summary
Discussion Questions
Exercises
Epidemiology and Economics: HIV/AIDS in Africa
Concepts from Epidemiology
Economic Epidemiology
Case Study: HIV/AIDS in Africa
Conclusions
Summary
Discussion-Questions
Exercises
Glossary
References
Name Index
Subject Index
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