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Health Care Economics

ISBN: 9780766806993 | 0766806995
Edition: 5th
Format: Paperback
Publisher: CENGAGE Delmar Learning
Pub. Date: 9/9/1998

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SummaryTable of ContentsAuthor Biography
This much anticipated new edition of Health Care Economics continues its legacy as a leader in its field. Written by a distinguished economist and educator, the sixth edition maintains the book's analytical approach in its treatment of political economics. Through comprehensive discussions, appendices, tables and figures, the author consistently illustrates the value of economics in understanding public policy issues that affect the medical services sector. Both veterans in the field of economics and readers who are new to this area of study will appreciate the book's in-depth and straightforward treatment of important topics.
Preface to the Fifth Editionxv(2)
List of Tables
xvii(4)
List of Figures
xxi
... MORE
Chapter 1 An Introduction to the Economics of Medical Care
1(17)
Trends in Medical Expenditures
1(3)
The Contribution of Economics to Health Policy
4(2)
Basic Choices That Must Be Made with Regard to Medical Services
6(6)
The Applicability of Economics to the Study of Medical Care
12(1)
The Trade-off between Quantity and Quality in the Provision of Medical Services
13(3)
Summary
16(2)
Chapter 2 The Production of Health: The Impact of Medical Services on Health
18(19)
Medical Care as an Output of the Medical Services Industry and as an Input to Health
18(2)
Determining the Allocation of Resources to Medical Care Using a Health Production Function
20(6)
Empirical Studies of a Health Production Function
26(4)
Applications of a Health Production Function
30(3)
Summary
33(4)
Chapter 3 An Overview of the Medical Care Sector
37(15)
Description of the Medical Care Markets
37(7)
Applications of a Model of the Medical Care Sector
44(5)
Summary
49(3)
Chapter 4 Measuring Changes in the Price of Medical Care
52(30)
The Uses of a Definition of the Product of the Medical Care Industry
52(1)
The Consumer Price Index
53(7)
The Medical Care Component of the CPI (MCPI)
60(19)
Summary
79(1)
Appendix: Health Insurance Premiums as a Measure of the Price of Medical Care
79(3)
Chapter 5 The Demand for Medical Care
82(35)
The Purpose of Demand Analysis
82(1)
Demand versus Need as a Basis for Policy and Planning
83(3)
A Model of the Demand for Medical Care
86(19)
An Application of Demand Analysis: Explaining Annual Changes in Personal Medical Expenditures
105(3)
The Demand for Medical Care Faced by the Firm
108(2)
Summary
110(1)
Appendix: The Effect of Co-insurance on the Demand for Medical Care
111(6)
Chapter 6 The Demand for Health Insurance
117(46)
Appropriateness of Health Insurance Coverage
117(1)
Health Insurance Terminology
118(4)
The Theory of Demand for Health Insurance
122(13)
An Application of the Theory of the Demand for Health Insurance
135(2)
Biased Selection in Health Care Markets
137(4)
The Demand for Health Insurance under Conditions of Moral Hazard
141(5)
Summary
146(3)
Appendix 1: The Allocative Inefficiency of Blue Cross' Service Benefit Policy
149(4)
Appendix 2: The Tax Advantage of Health Insurance as a Fringe Benefit
153(1)
Appendix 3: The Effect on the Insurance Premium of Extending Coverage to Include Additional Benefits
154(9)
Chapter 7 The Supply of Medical Care: An Overview
163(12)
Determinants of Supply
163(6)
Evaluation of Economic Efficiency in Supply
169(4)
Summary
173(2)
Chapter 8 The Market for Health Insurance: Its Performance and Structure
175(30)
Economic Efficiency
175(1)
The Demand Side of the Health Insurance Market
176(3)
The Supply Side of the Health Insurance Market
179(4)
Industry Conduct and Competitive Behavior
183(3)
The Performance of the Health Insurance Market
186(12)
Summary
198(7)
Chapter 9 Market Competition in Medical Care
205(34)
The Emergence of Competition in Medical Care
205(12)
Characteristics of Managed Care Plans
217(4)
Performance of a Competitive Managed Care Market
221(12)
Summary
233(6)
Chapter 10 The Physician Services Market
239(55)
The Structure of the Physician Services Market
242(8)
Market Conduct
250(16)
Performance of the Physician Services Market
266(10)
Physician Payment under Medicare
276(10)
Summary
286(8)
Chapter 11 The Market for Hospital Services
294(51)
Background
294(3)
Determinants of Market Structure
297(14)
Hospital Conduct and Behavior
311(22)
Hospital Performance
333(6)
Summary
339(6)
Chapter 12 Health Manpower Shortages and Surpluses: Definitions, Measurement, and Policies
345(35)
Definitions of a Health Manpower Shortage
346(9)
The Definitions of a Surplus of Health Manpower
355(1)
The Measurement of Health Manpower Shortages and Surpluses
356(6)
Empirical Estimates of Shortages and Surpluses'
362(7)
Conflicting Estimates of a Physician Surplus
369(3)
Proposed Policies to Correct Imbalances Between the Demand and Supply of Physicians
372(3)
Summary
375(5)
Chapter 13 The Market for Physician Manpower
380(21)
Entry Restrictions in Medicine
380(1)
Barriers to Entry in Medicine
381(6)
The Physician as a Price-Discriminating Monopolist
387(8)
Proposed Changes in the Physician Manpower Market
395(3)
Summary
398(3)
Chapter 14 The Market for Medical Education: Equity and Efficiency
401(26)
Performance of the Medical Education Sector
401(1)
The Economic Efficiency of the Medical Education Sector
401(15)
Equity in the Current System of Financing Medical Education
416(7)
Summary
423(4)
Chapter 15 The Market for Registered Nurses
427(36)
Economists' Interests Regarding the Nursing Market
427(1)
A Framework for Understanding the Performance of the Market for Registered Nurses
427(5)
The Performance of the Market for Registered Nurses
432(11)
Market Structure and Nurse Wages and Employment
443(4)
Federal Support for Nurse Training
447(6)
An Economic Analysis of Comparable Worth
453(4)
Summary
457(6)
Chapter 16 The Role of Government in Health and Medical Care
463(21)
Government Intervention in Medical Care
463(1)
Market Imperfections
464(4)
Market Failure
468(6)
Redistribution Using In-Kind Subsidies
474(7)
Summary
481(3)
Chapter 17 The Legislative Marketplace
484(30)
The Legislative Marketplace
484(1)
The Public Interest View of Government
484(2)
An Economic Theory of Government
486(5)
The Demand for Legislation by Health Associations
491(15)
Summary
506(8)
Chapter 18 National Health Insurance: An Approach to the Redistribution of Medical Care
514(48)
The Economic and Political Frameworks
514(1)
Achieving Efficiency for Different Values Underlying National Health Insurance
515(10)
Specific Criteria for Evaluating National Health Insurance Plans
525(6)
The Current System for Financing Medical Services
531(6)
National Health Insurance Proposals
537(14)
Why the United States Has Not Had National Health Insurance
551(8)
Summary
559(3)
Chapter 19 The Market for Long-Term Care Services
562(36)
Demographic Trends and Long-Term Care
562(1)
The Demand for Long-Term Care Services
563(14)
The Supply of Long-Term Care Services
577(6)
Government Policy and the Nursing Home Industry
583(7)
Financing Long-Term Care
590(3)
Summary
593(5)
Chapter 20 Concluding Comments on the Economics of Medical Care
598(7)
Glossary605(14)
Index619
Paul J. Feldstein, Ph.D., is Professor and Robert Gumbiner Chair in Health Care Management, Graduate School of Management, University of California, Irvine, California.

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