Health Care Economics (DELMAR SERIES IN HEALTH SERVICES ADMINISTRATION)

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9781401859794: Health Care Economics (DELMAR SERIES IN HEALTH SERVICES ADMINISTRATION)
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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.

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About the Author:

Paul J. Feldstein is Professor and Robert Gumbiner Chair in Health Care Management at the Paul Merage School of Business, University of California, Irvine, a position he has held since 1987. He previously served at the University of Michigan as Professor in both the Department of Economics and the School of Public Health. Before that, he was Director of the Division of Research at the American Hospital Association. Professor Feldstein has written more 70 articles on health care as well as seven books, including Health Policy Issues: An Economic Perspective on Health Reform, 5e (2011) and The Politics of Health Legislation: An Economic Perspective, 3e (2006). During several leaves from the University, Professor Feldstein worked at the Office of Management and Budget, Social Security Administration, and the World Health Organization. He has served as a consultant to many government and private health agencies, an expert witness on health anti-trust issues--including the case of the FTC v. The AMA, which was decided by the U.S. Supreme Court--and as a member of the boards of directors of several health care firms. Professor Feldstein received his Ph.D. from the University of Chicago.

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Preface. Detailed Contents. List of Figures. List of Tables. 1. An Introduction to the Economics of Medical Care. Appendix: Review of Demand, Supply, Equilibrium Price, Price Elasticity, and Competitive and Monopoly Analysis. 2. The Role of Government in Health and Medical Care. 3. Health Policy and the Legislative Marketplace. 4. The Production of Health: The Impact of Medical Services on Health. Appendix: Cost-Benefit, Cost-Effectiveness, and Cost-Utility Analyses. 5. An Overview of the Medical Care Sector. 6. The Demand for Medical Care. Appendix: The Effect of Coinsurance on the Demand for Medical Care. 7. The Demand for Health Insurance. Appendix 1: Risk Neutral and Risk Seeking Behavior. Appendix 2: The Effect on the Insurance Premium of Extending Coverage to Include Additional Benefits. 8. The Supply of Medical Care: An Overview. 9. Market Competition in Medical Care. 10. The Market for Health Insurance: Its Performance and Structure. Appendix 1: The Use of Medical Loss Ratios as a Measure of Health Plan Performance. Appendix 2: Developing Risk-Adjusted Premiums. 11. The Physician Services Market. Appendix: How Medicare Pays Physicians. 12. The Market for Hospital Services. Appendix 1: Using a Physician Control Model to Increase Physician Productivity. Appendix 2: Cost Shifting. 13. The Pharmaceutical Industry. 14. Health Manpower Shortages and Surpluses: Definitions, Measurement, and Policies. 15. The Market for Physician Manpower. 16. The Market for Medical Education: Equity and Efficiency. 17. The Market for Registered Nurses. Appendix: Market Structure and Nurse Wages and Employment. 18. National Health Insurance: An Approach to the Redistribution of Medical Care. 19. Concluding Comments on the Economics of Medical Care. Appendix: Measuring Changes in the Price of Medical Care. Appendix: Health Insurance Premiums as a Measure of the Price of Medical Care. Glossary.

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