What's Your Life Worth?: Health Care Rationing-- who Lives? who Dies? who Decides?

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FT Prentice Hall, 2003 - Business & Economics - 191 pages
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Healthcare rationing is coming, with a vengeance. If you value your health, you'd better understand it--and be "ready. In "What's Your Life Worth?: Health Care Rationing...Who Lives? Who Dies? AndWho Decides?, one of the world's leading healthcare economists offers a hard-nosed analysis of today's soaring healthcare costs--and shows how it will feel to be at the mercy of a system that might choose not to cure you. Dranove previews the transition from today's ad hoc rationing to an era of "rational rationing, " in which economic analysis of the value of human lives and specific treatments is both explicit and routine. He assesses the mixed results of rational rationing in Great Britain and Australia, where government decision-makers struggle with balancing science and politics, in the face of budgets that place a shockingly low value on life. You'll discover healthcare economists have learned to numerically score different diseases to determine which are most worth curing; even how to calculate the value of your own life in tomorrow's healthcare system. Finally, Dranove compares the track record of government-sponsored and market-based rationing, concluding that if rationing must come, it's best left to the market, where individuals can decide for themselves what their lives are worth.

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About the author (2003)

David Dranove is one of the world's most respectedhealth care economists. He is the Walter McNerneyDistinguished Professor of Health Industry Managementat Northwestern University's Kellogg Graduate School ofManagement, as well as Director of the Center for HealthIndustry Market Economics there.

His research and teaching focus on problems in industrialorganization and business strategy with an emphasison the health care industry. He has published over 70research papers, monographs, and book chapters on healtheconomics and pharmacoeconomics, and is co-author ofthe popular textbook The Economics of Strategy and the tradebooks How Hospitals Survived and The Economic Evolution ofAmerican Health Care: From Marcus Welby to Managed Care.

His many awards have included the Association ofUniversity Programs in Health Administration'sJohn D. Thompson Prize in Health Services Research andnumerous "research article of the year" prizes. ProfessorDranove holds a Ph.D. in Business Economics from Stanford University.

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