Uncertain Times: Kenneth Arrow and the Changing Economics of Health Care

Uncertain Times: Kenneth Arrow and the Changing Economics of Health Care

by Peter J. Hammer
     
 

A new look at Kenneth Arrow’s classic study of the economics of health care: is his formulation still relevant 40 years later?

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Overview

A new look at Kenneth Arrow’s classic study of the economics of health care: is his formulation still relevant 40 years later?

Product Details

ISBN-13:
9780822332091
Publisher:
Duke University Press Books
Publication date:
11/01/2003
Pages:
400
Product dimensions:
6.30(w) x 9.20(h) x 1.20(d)

Table of Contents

Foreword
Preface
Kenneth Arrow and the Changing Economics of Health Care: "Why Arrow? Why Now?"
Uncertainty and the Welfare Economics of Medical Care (American Economic Review, 1963)1
General Equilibrium and Marketability in the Health Care Industry37
Arrow's Concept of the Health Care Consumer: A Forty-Year Retrospective49
Uncertainty and Technological Change in Medicine60
Human Inputs: The Health Care Workforce and Medical Markets71
Health Care as a (Big) Business: The Antitrust Response84
Health Insurance and Market Failure since Arrow103
Can Efficiency in Health Care Be Left to the Market?111
Valuing Charity134
Medical Service Risk and the Evolution of Provider Compensation Arrangement142
The Role of the Capital Markers in Restructuring Health Care156
Arrow and the Information Market Failure in Health Care: The Changing Content and Sources of Health Care Information169
The End of Asymmetric Information181
Managing Uncertainty: Intermediate Organizations as Triple Agents189
Moral Hazard vs. Real Hazard: Quality of Care Post-Arrow202
Arrow's Analysis of Social Institutions: Entering the Marketplace with Giving Hands?215
The Market for Medical Ethics230
The Role of Nonprofits in Health Care243
Arrow on Trust259
From Trust to Political Power: Interest Groups, Public Choice, and Health Care272
Regulating Health Care: From Self-Regulation to Self-Regulation?290
The Lawyerization of Medicine302
Reflections on the Reflections321
Contributors327
Index335

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