Pricing the Priceless A Health Care Conundrum
List price: $30.00
Buy it from $4.35
30 day, 100% satisfaction guarantee
If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.
Learn more about our returns policy
Description: The health care industry differs from most other industries in that medical pricing is primarily administered by the government and private insurers and in that it uses several types of contracts. Providers may receive a fixed sum for all necessary services within a given period of time, for the necessary services to treat a given condition, or for each specific service. The industry is changing dramatically, offering many natural experiments to aid understanding of the economics of pricing for health care. In Pricing the Priceless, Joseph Newhouse explains the different pricing systems and how they affect resource allocation and efficiency, focusing on the efficiency of pricing. He also discusses larger issues of equity, fair distribution of burden, and social justice. Although most of the examples are American-based, the same issues arise in all medical care financing and delivery systems, and the theories and models are general enough to apply to many institutional contexts. The topics include Medicare, managed care, the contemporary integration of health insurance and medical care, the management of moral hazard and stinting, uncertainty and risk aversion, the demand for health insurance, agency relationships, information disparities, regulation, and supply-side and demand-side selection.
Rush Rewards U
You have reached 400 XP and carrot coins. That is the daily max!
Limited time offer:
Get the first one free!
All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $30.00
Copyright year: 2004
Publisher: MIT Press
Publication date: 8/20/2004
Size: 5.75" wide x 8.75" long x 0.75" tall
Joseph P. Newhouse is the John D. MacArthur Professor of Health Policy and Management, Harvard University.
|Preface and Acknowledgments|
|Fee-for-Service Medicine and Its Discontents|
|The Integration of Medical Insurance and Medical Care|
|The Management of Moral Hazard and Stinting: Demand- and Supply-Side Prices|
|Selection and the Demand Side|
|Selection and the Supply Side|
|Risk Adjustment, Market Equilibrium, and Carveouts: Pulling a Rabbit Out of a Hat?|