Health Care Economics / Edition 7

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Overview

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.

The book contains predominantly black-and-white illustrations, with some two-color illustrations.

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Editorial Reviews

Edward K. Mensah
This is the fourth edition of a textbook that uses economic principles to explain the public policy issues involved in the delivery and financing of personal medical services. It covers all of the key components of the medical care market. The purpose is to serve as an introductory text in a one-semester undergraduate course in health economics. The key issues (prices, demand and access to care, the role of providers, insurance companies, and government) are adequately addressed. The target audience is the undergraduate student of health policy. The book should be accessible to health administrators and researchers because the author, one of the nation's foremost health economists, presents his material in a nonmathematical form. The illustrations are well presented. The diagrams and graphs are clearly labeled and easy to follow. The references are very comprehensive and current. All major original works are cited. The appendix and table of contents are of high quality. The author has written a very useful undergraduate book that clearly explains the major public policy issues involved in the provision of medical care services. The genius of the author is in choosing to present rather difficult material in simple English. The inclusion of the chapter on long-term care has increased the quality and usefulness of the current edition.
Doody's Review Service
Reviewer: Edward K Mensah, PhD (University of Illinois at Chicago)
Description: This is the fourth edition of a textbook that uses economic principles to explain the public policy issues involved in the delivery and financing of personal medical services. It covers all of the key components of the medical care market.
Purpose: The purpose is to serve as an introductory text in a one-semester undergraduate course in health economics. The key issues (prices, demand and access to care, the role of providers, insurance companies, and government) are adequately addressed.
Audience: The target audience is the undergraduate student of health policy. The book should be accessible to health administrators and researchers because the author, one of the nation's foremost health economists, presents his material in a nonmathematical form.
Features: The illustrations are well presented. The diagrams and graphs are clearly labeled and easy to follow. The references are very comprehensive and current. All major original works are cited. The appendix and table of contents are of high quality.
Assessment: The author has written a very useful undergraduate book that clearly explains the major public policy issues involved in the provision of medical care services. The genius of the author is in choosing to present rather difficult material in simple English. The inclusion of the chapter on long-term care has increased the quality and usefulness of the current edition.

3 Stars from Doody
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Product Details

  • ISBN-13: 9781111313265
  • Publisher: Cengage Learning
  • Publication date: 6/6/2011
  • Edition description: New Edition
  • Edition number: 7
  • Pages: 608
  • Sales rank: 249,669
  • Product dimensions: 7.80 (w) x 9.20 (h) x 1.10 (d)

Meet 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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Table of Contents

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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Customer Reviews

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