Health Care Economics
Among the several reasons for revising the first edition, perhaps the most compelling is to keep up with the changes occurring in the health care sector. Competition is now the new area of policy focus. The concern over a shortage of physicians has changed to a concern with an impending surplus of physicians. From being reimbursed on a cost-plus basis, hospitals are now facing prospective reimbursement. These are some of the changing forces in the health care system that have been incorporated into this revision. Contents: The production of health. Anoverview of the medical care sector. Measuring changes in the price of medical care. The demand for medical care. The demand for health insurance. Teh supply of medical care. The market for health insurance. The physician services market. The market for hospi tal services. Relying on regulation to improve hospital. The benefits of competition in medical care. Health manpower shortages. The market for physician manpower. The market for medical education. The market for registred nurses. The pharmaceutical industry. The political eco- nomy of health care. The role of government.
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AN INTRODUCTION TO THE ECONOMICS OF MEDICAL
The Applicability of Economics to the Study of Medical Care
Determining the Allocation of Resources to Medical Care Using a Health
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achieve additional agency American Hospital Association Association Blue Cross changes coinsurance competition consumer copayments decrease demand curve demand for health demand for medical determine drug economic economic shortage economies of scale effect efficiency estimated expenditures expenses facilities factors federal financing firms greater groups health manpower health plans higher HMOs hospital costs hospital services ical incentive income increase industry inputs institutions insurance coverage legislation lower marginal benefits marginal cost MCPI Medicaid medical education medical schools medical services Medicare moral hazard national health insurance number of physicians Nurse Training Act output patient day percent percentage performance persons physi physician fees physician services population premium price discrimination production profession programs proposed purchase quantity rate of return ratio registered nurses regulation regulatory reimbursement relative result revenues shortage studies subsidies substitute supply tion treatment units utilization wages