Health Economics and Financing / Edition 4

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Hoboken, NJ 2010 Hard cover 4th ed. New. Glued binding. Paper over boards. 470 p. Contains: Illustrations, black & white, Tables, black & white, Figures.

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Health and medical professionals rely on Getzen for its engaging introduction to the economic analysis of medical markets. It is updated with the latest information in the field including a detailed look at health care reform and the emergence of Barack Obama's plan. The developing health care system in China is covered to provide a more global perspective. Investment cases along with a look at the ROI of specialty medical education are also presented. And new C-B and CEA case studies help health and medical professionals see how to effectively apply the principles and concepts.

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Editorial Reviews

Doody's Review Service
Reviewer: Kevin J Carr, BA (University of Maryland)
Description: This book outlines medical markets in a way that presupposes no prior knowledge of economic technicalities. This update of the 2007 edition reflects some of the recent changes in government healthcare policy.
Purpose: The purpose is to describe the economics of healthcare to students and professionals who are not familiar with either subject. This topic has been dominant in American politics, and the complex technicalities of medical markets are certainly worthy of such a thorough introduction.
Audience: The author hopes to reach two groups: medical researchers, students, and administrators who have little prior understanding of economics, and economics students who want to study the application of economic principles to a real-world field. I could see a class in either field being built around this book.
Features: The book clearly describes the basic principles of markets and then applies them to of medical markets. Specifically, it details the role of patients, providers, insurance companies, and governments. It also discusses the topic from an international standpoint, comparing healthcare spending and benefits in a diverse sampling of nations. The book is most helpful in breaking up the enormous topic of medical markets into its component parts and discussing each individually. For example, hospitals and nursing homes are each discussed separately. The only drawback is that it does not specifically address the healthcare reforms recently enacted by Congress. These may change the game substantially, necessitating a fifth edition very soon.
Assessment: As someone with an economics background with no prior knowledge of medical markets or medical finance, I found I learned quite a bit from this book. It follows the typical format of an economics textbook. Technical jargon is highlighted and then fully defined. Mathematical concepts are described first in words, then in graphs. References point to further reading. This update is justified, but without a discussion of the concrete provisions of the recently passed healthcare reform law, it is conceivable this edition will be obsolete before very long.
An introduction to the economic analysis of medical markets and the production of health, primarily for students of medicine, public health, or administration who have little or no background in economics, but also for beginning economics students. Describes the incentives and organizational structure of the health care industry with a Flow of Funds approach, outlines the ongoing evolution of managed care in the US, and macroeconomic perspectives the dynamics of change and determinants of national health spending. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780470469019
  • Publisher: Wiley
  • Publication date: 1/7/2010
  • Edition description: Older Edition
  • Edition number: 4
  • Pages: 496
  • Product dimensions: 7.30 (w) x 10.00 (h) x 0.90 (d)

Meet the Author

Thomas E. Getzen is Professor of Risk, Insurance and Health Management at Temple University and the founder and Executive Director of iHEA, the International Health Economics Association. After receiving an undergraduate degree in literature from Yale University, he worked for the U.S.P.H.S. Centers for Disease Control Venereal Disease program in New York and Los Angeles, and then obtained an MHA degree in Medical Care Organization and Ph.D. in Economics from the University of Washington. Dr. Getzen's main research contributions have been in the areas of contracting, price indexes and forecasting of health care spending. His consulting work has included employee benefit negotiations, projections of health care cost trends and premiums, laboratory diagnostics, risk assessment, and capital financing for managed care. Dr. Getzen has been a visiting professor at the University of Toronto, the Center for Health and Wellbeing of the Woodrow Wilson School at Princeton University, the Wharton School at the University of Pennsylvania, and the University of York (UK). He has served on the boards of Covenant House, a local community health center in northwest Philadelphia, MSI, a venture-capital financed managed behavioral health care corporation, and CHE, a multi-institutional health provider system with over 60 hospitals and nursing homes. Dr. Getzen has written more than 80 papers in the field and serves on the editorial board of the journal Health Economics.

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Table of Contents



About the Author.


1 Choices: Money, Medicine, and Health.

2 Demand and Supply.

3 Cost-Benefit and Cost-Effectiveness Analysis.

4 Health Insurance: Financing Medical Care.

5 Insurance Contracts and Managed Care.

6 Physicians.

7 Medical Education, Organization, and Business Practices.

8 Hospitals.

9 Management and Regulation of Hospital Costs.

10 Long-Term Care.

11 Pharmaceuticals.

12 Capital Financing and Ownership of Health Care Providers.

13 Macroeconomics of Medical Care.

14 The Role of Government.

15 Public Goods and Public Health.

16 History, Demography, and the Growth of Modern Medicine.

17 International Comparisons of Health and Health Expenditures.

18 Value for Money in the Future of Health Care.



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