The Economics of Health Reconsidered, Third Edition by Thomas H. Rice, , Lynn Unruh, RN

The Economics of Health Reconsidered, Third Edition



Download The Economics of Health Reconsidered, Third Edition




The Economics of Health Reconsidered, Third Edition Thomas H. Rice, , Lynn Unruh, RN
Language: English
Page: 450
Format: pdf
ISBN: 1567933289, 9781567933284
Publisher:

Review

This edition of The Economics of Health Reconsidered represents a timely and thoughtful examination of economics and U.S. health policy. It should be considered required reading for serious students of health policy. --Sara Rosenbaum, JD, Harold and Jane Hirsh Professor of Health Law and Policy, Chair of the Department of Health Policy, The George Washington University School of Public Health and Health Services

The first two editions of this text were ground breaking, and the third edition continues this tradition. The authors offer a unique perspective on issues surrounding and underlying health economics. An ideal stand-alone text, the book includes new chapters on microeconomic theory, profit versus nonprofit organizations, and labor and health economics. The text is excellent, and I recommend it to all those new to health economics, and most of those who are not. --Bruce Hollingsworth, Professor and Director, Centre for Health Economics, Monash University, Australia

"Earlier editions of this book were genuine path breakers. This updated and broadened edition maintains that role and its international accessible tone. This book is excellent teaching material and should be read by anyone interested in the economics of health care - and today, who isn't?" -- Gavin Mooney, Professor of Health Economics, University of Sydney and University of Cape Town

From the Author

(1) What Inspired Me to Write Book: Over the years, much of my research on such topics as insurance markets, physician-induced demand, and cost containment had led me to believe that markets were often ineffective in bringing about socially desirable outcomes in health market. I had not, however, had the time to come up with a unifying framework. During a sabbatical taken from UCLA, I delved into finding such a framework; the book develops one based on an extensive reading in the area of welfare economics, a sub-field of the discipline that seeks to determine the social desirability of alternative economic states. I then spent the remaining time considering its lessons for health care markets.

The goal of the book is to make researchers, policy makers, and students reconsider the role of markets in the health area. It is often believed that economic theory shows markets to be a superior way to organize an economic activity, but this depends on the fulfillment of so many assumptions --- 15 are discussed in the book -- that simply are not met in health sectors. The book does not show which health care activities should rely on markets and which should not -- that is an empirical question that societies continue to grapple with. Rather, the book attempts to convince the reader that there is no reason to believe, based on theory, that markets are a superior way to organize health related activities. When that is established, than a number of potential health care policies that are not consistent with the prescriptions that fall out of a purely competitive model become attractive alternatives. Many of these focus on controlling the supply side of the market.

The book is designed to serve several audiences. One group, of course, is students taking health economics or health policy courses. Unlike some other health economics texts, this one does not attempt to summarize the empirical literature in the field. It is therefore not designed to serve as a stand-alone textbook, but rather as a supplementary text, to be used in conjunction with a more traditional one or along with a reader of classic or current journal articles. Another audience is health economics professional in universities, research firms, management, and government. Although this group hardly needs the economics background material contained in the book, the main theme will, I hope, strike a nerve, making readers realize that the case for relying on competitive markets in the health area does not arise from a careful reading of economic theory. Finally, the book is addressed also to non-economists. Because these practitioners are less schooled in the details of economic analysis, they often have to take health economists at their word when the latter speak about the policy implications of economic analysis. The book should help put those people on a more level playing field when it comes to discussions of health policy alternatives.
--This text refers to an out of print or unavailable edition of this title.

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