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Health Economics

ISBN: 9780321068989 | 032106898X
Edition: 3rd
Format: Hardcover
Publisher: Addison Wesley
Pub. Date: 1/1/2010

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SummaryTable of Contents
In this market-leading text, Phelps combines current economic thinking and research in health economics with real health policy problems. New to the heavily revised Third Edition is a chapter on Managed Care and additional coverage of pharmaceutical industries, as well as an appendix for review of the Math and Microeconomics concepts used in the book. The early chapters of Health Economics develop essential methodological foundations supported by recent empirical studies. Later chapters focus on major policy areas, such as the structure and effects of Medicare reform, competition and regulation in health care, and international comparisons of health care systems, building on the conceptual material developed earlier in the book.
Prefacexiii
Why Health Economics?
1(27)
Important (If Not Unique) Aspects of Health Care Economics
2(7)
... MORE
How to Think About Health and Health Care (or... How Health Economics?)
9(3)
The Production of Health
12(5)
Health Through the Life Cycle
17(1)
Lifestyle and Health
18(6)
Summary
24(1)
Related Chapters in Handbook of Health Economics
25(1)
Problems
26(1)
Appendix to Chapter 1: A Formal Model of Utility Maximization
27(1)
An Overview of How Markets Interrelate in Medical Care and Health Insurance
28(31)
Medical Care Markets with Fixed Technology
29(10)
Dynamic Issues-Changes Through Time
39(18)
Summary
57(1)
Related Chapter in Handbook of Health Economics
58(1)
Problems
58(1)
The Transformation of Medical Care to Health
59(41)
The Productivity of Medical Care
59(16)
Confusion about the Production Function: A Policy Dilemma
75(12)
Physician-specific Variations (Medical Practice Styles)
87(4)
Extensive and Intensive Margin Differences: Are They Similar?
91(1)
The Ultimate Production Function: Health Produces Utility
92(2)
Summary
94(1)
Related Chapters in Handbook of Health Economics
95(1)
Problems
95(2)
Appendix to Chapter 3: Marginal, Average, and Total Productivity
97(3)
The Demand for Medical Care: Conceptual Framework
100(36)
Indifference Curves for Health and Other Goods
101(6)
From Indifference Curves to Demand Curves
107(2)
How Demand Curves Depend on Illness Events
109(1)
Demand Curves for Many Medical Services
110(1)
The Demand Curve for a Society: Adding Up Individual Demands
111(1)
Using the Demand Curve to Measure Value of Care
112(2)
How Insurance Affects a Demand Curve for Medical Care
114(12)
Time Costs and Travel Costs
126(1)
The Role of Quality in the Demand for Care
127(4)
Revisiting the Price Index for Health Care
131(1)
Summary
132(1)
Related Chapters in Handbook of Health Economics
132(1)
Problems
132(2)
Appendix to Chapter 4: Demand Curves and Demand Elasticities
134(2)
Empirical Studies of Medical Care Demand and Applications
136(42)
Studies of Demand Curves
137(12)
Effects of Age and Gender on Demand
149(1)
The Effects of Illness on Demand
150(1)
Lifestyle and Its Effects on Demand
150(4)
The Demand for Quality: Choice of Provider Specialization
154(1)
Other Studies of Demand for Medical Care
155(7)
Applications and Extensions of Demand Theory
162(5)
Decision Theory: Deriving the ``Right'' Demand Curve for Medical Care
167(1)
Cost-Effectiveness Ratios and Demand Curves
167(1)
Why Variations in Medical Practice?
168(1)
Summary
169(1)
Related Chapters in Handbook of Health Economics
170(1)
Problems
170(2)
Appendix to Chapter 5: An Example of Medical Decision Theory
172(6)
The Physician
178(31)
The ``Firm''-Inputs, Output, and Cost
179(1)
The Physician as Entrepreneur
180(1)
The Physician-Firm and Its Production Function
180(7)
Nonphysician Primary-Care Providers
187(1)
The Size of the Firm-Group Practice of Medicine
188(6)
The Physician as Labor
194(9)
The Aggregate Supply Curve: Entry and Exit
203(1)
The Open Economy: United States- and Internationally Trained Physicians
203(2)
Summary
205(1)
Related Chapters in Handbook of Health Economics
205(1)
Problems
205(2)
Appendix to Chapter 6: Cost Passthrough
207(2)
Physicians in the Marketplace
209(41)
Physician Location Decisions
210(8)
Consumer Search and Market Equilibrium
218(10)
Actual Search by Patients
228(3)
Advertising and the Costs of Information
231(3)
The Role of Licensure
234(2)
Estimates of the Demand Curve Facing Physician-Firms
236(1)
Induced Demand
237(8)
The Role of Payment Schemes
245(3)
Summary
248(1)
Related Chapters in Handbook of Health Economics
248(1)
Problems
249(1)
The Hospital as a Supplier of Medical Care
250(32)
The Hospital Organization
250(6)
Who Is the Residual Claimant?
256(4)
Where Does the Utility Function Come From? A Political Theory Model
260(7)
Hospital Costs
267(4)
Long-Run versus Short-Run Costs
271(1)
The Hospital's ``Cost Curve''
272(3)
Another Complication: Outpatient Surgery
275(1)
The Demand Curve Facing a Single Hospital
276(2)
Revisiting the Utility-Maximizing Hospital Manager
278(1)
Summary
279(1)
Related Chapters in Handbook of Health Economics
280(1)
Problems
280(2)
Hospitals in the Marketplace
282(36)
Hospitals and the Market for Medical Staff
283(2)
Hospitals and Patients
285(3)
A Model of Equilibrium Quality and Price
288(4)
Insurance and Competition in the Hospital's Decision
292(3)
How Doctors and Hospitals Interact: ``Goodies'' for the Doctor
295(1)
How Doctors and Hospitals Interact: Patients for the Hospital
296(1)
Competition-``Old Style'' Versus ``New Style''
297(3)
Entry and Exit: The Pivotal Role of For-Profit Hospitals
300(1)
The Hospital in Labor Markets
301(7)
Nursing ``Shortages''
308(3)
Summary
311(1)
Related Chapters in Handbook of Health Economics
312(1)
Problems
312(2)
Appendix to Chapter 9:The Hospital's Quality and Quantity Decision
314(4)
Health Insurance
318(48)
The Demand for Health Insurance
319(5)
Choosing the Insurance Policy
324(7)
The Supply of Insurance
331(3)
Is the Insurance Market Stable? The Question of Self-Selection
334(10)
Insurance Purchases Through Time
344(1)
How Income Taxes Subsidize Health Insurance
344(8)
Empirical Estimates of Demand for Insurance
352(2)
The Overall Effect of the Tax Subsidy on the Health Sector
354(1)
``Optimal'' Insurance
355(1)
Other Models of Demand for Insurance
356(1)
Summary
356(1)
Related Chapters in Handbook of Health Economics
357(1)
Problems
357(5)
Appendixes to Chapter 10
362(4)
Detailed Calculation of Welfare Loss
362(1)
The Calculus of the Risk/Moral Hazard Tradeoff
363(1)
The Statistics of an Insurance Pool
364(2)
Managed Care
366(31)
Why Managed Care
368(3)
Types of Interventions
371(14)
Integrated Delivery: The Next Phase of Managed Care?
385(3)
Long-Run Issues
388(7)
Summary
395(1)
Related Chapters in Handbook of Health Economics
395(1)
Problems
395(2)
Government Provision of Health Insurance: Medicare and Its Revisions
397(35)
The Medicare Program
398(3)
Economic Consequences of Medicare's Structure
401(4)
Changes in Medicare
405(24)
Summary
429(1)
Related Chapters in Handbook of Health Economics
430(1)
Problems
430(2)
Medical Malpractice
432(33)
Background on the Legal System in the United States
432(7)
The Economic Logic of Negligence Law
439(3)
Judicial Error, Defensive Medicine, and ``Tough Guys''
442(3)
Medical Malpractice Insurance
445(1)
Evidence on Actual Deterrence
445(12)
Malpractice Awards: ``Lightning'' or a ``Broom Sweeping Clean''?
457(1)
Tort Reform
458(3)
Tort Reform Writ Large
461(1)
HMO Liability: A New Domain for Malpractice Law
462(1)
Summary
463(1)
Related Chapter in Handbook of Health Economics
464(1)
Problems
464(1)
Externalities in Health and Medical Care
465(33)
Externalities, Property Rights, and the Control of Externalities
466(1)
Externalities of Contagion
467(7)
Health-Affecting Externalities: The Example of Alcohol
474(6)
Externalities from Tobacco
480(4)
``Financial'' Externalities-Transfers Between People
484(1)
Information as an Externality
485(3)
Research as an Externality
488(2)
Transfusion-Induced AIDS and Hepatitis
490(4)
Summary
494(1)
Related Chapters in Handbook of Health Economics
494(1)
Problems
494(2)
Appendix to Chapter 14: Value of Life
496(2)
Managing the Market: Regulation and Technical Change in Health Care
498(49)
A Taxonomy of Regulation
499(1)
Licensure
500(6)
``Certificate of Need'' (CON) Laws
506(8)
Price Controls
514(7)
Drugs and Devices: The New Wave of Medical Care
521(22)
Summary
543(1)
Related Chapters in Handbook of Health Economics
544(1)
Problems
545(2)
Universal Insurance Issues and International Comparisons of Health Care Systems
547(38)
General Considerations for a National Health Policy
550(7)
Review of Health Policy and Systems in Selected Countries
557(1)
Snapshots of Four Countries
558(11)
Aggregate International Comparisons
569(9)
Growth in Costs and Health Outcomes
578(5)
A Final Conundrum
583(1)
Summary
583(1)
Related Chapters in Handbook of Health Economics
584(1)
Problems
584(1)
Author's Postscript585(2)
Appendix: Introduction to Basic Economics Concepts587(24)
Answers to Selected Problems611(14)
Bibliography625(26)
Acknowledgments651(2)
Index653

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