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Delivering the most detailed and exhaustive content available, market-leading HEALTH CARE ECONOMICS, 7th Edition demonstrates how basic economic concepts, principles, and theories can be used to think about and illustrate various health care issues. This introductory economics text is geared toward graduate students who will be medical and health services managers, administrators, or executives. The seventh edition of HEALTH CARE ECONOMICS includes recent data on the medical sector, updated figures and tables, the latest information on legislative changes affecting this industry, and new literature and research. It also provides an insightful historical perspective within which these changes are occurring.
- Sales Rank: #74428 in Books
- Published on: 2011-06-06
- Original language: English
- Number of items: 1
- Dimensions: 9.42" h x 1.15" w x 7.97" l, 2.54 pounds
- Binding: Hardcover
- 608 pages
Review
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.
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.
Most helpful customer reviews
8 of 10 people found the following review helpful.
Review of Health Care Economics
By Jennifer Stackle
I found the book to be very good. Throughout it emphasizes an economic approach to what is occurring in health care and, what I particularly like, is the author's use of economic figures to illustrate the economic theory. The book covers a lot of health care topics and it's well written. I recommend it. The other students in the class also liked the book.
3 of 3 people found the following review helpful.
Masters Text Book
By Clifford
Good book for re-learning. Very understandable and easy to follow. Would recommend to any professor want to find a good text for their students.
10 of 14 people found the following review helpful.
Left liberal screed on health care politics, not instruction on health care economics
By Dr.
I bought this book to learn about the financial and economic sides of the health care industry. What I've gotten instead is a leftist screed advocating redistribution, totally critical of physicians, dentists, hospitals, and health care organizations, and devoid of any appreciation for market economics. Here is a quote:
"Government policy should be concerned with achieving two objectives: improving market efficiency and, based on society's values, the redistribution of resources or services." p.10.
Is "redistribution" really what government should be doing? What about promoting medical research, increasing the number of providers, improving health habits of the population, and allowing private insurers to compete on price and products without smothering government restrictions?
Each time I try to ignore his politics and read on in Feldstein's book to learn something about health care economics I run into crtiques of the AMA, the American Hospital Association, nurses' unions, medical schools, and pharmaceutical companies.
So if you want a left liberal critique of modern American medicine with no objective balance, buy this book. But if you want to learn about health care economics or get at least a fair picture of health care politics, don't waste your time.
Henry Lerner, M.D.
Assistant Clincial Professor of Obstetrics and Gynecology
Harvard Medical School
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