Health Economics and Financing

The latest edition of the gold standard in the economics and financing of health care

In the newly revised Sixth Edition of Health Economics and Financing, an expert team of authors delivers an authoritative discussion of key topics in the economic and finance issues relevant to health care. From cost-benefit and cost-effectiveness analyses to the economic considerations driving the choices of physicians, hospitals, and pharmaceutical companies, the book explores the influence of financial considerations – both public and private – that remain front-of-mind for modern health care decision makers.

Preface xix

Acknowledgments xxiii

About the Authors xxv

Foreword xxvii

1 Choices: Money, Medicine, and Health 1

2 Demand and Supply 20

3 Cost-Benefit and Cost-Effectiveness Analysis 40

4 Financing Medical Care: Health Insurance Contracts: Managed Care 63

5 Physicians 98

6 Medical Education, Organization, and Business Practices 116

7 Hospitals 136

8 Management and Regulation of Hospital Costs 151

9 Long-Term Care 170

10 Pharmaceuticals 188

11 Financing and Ownership of Health Care Providers 207

12 History, Demography, and the Growth of Modern Medicine 229

13 Macroeconomics of Medical Care 254

14 The Role of Government and Public Goods 279

15 International Comparisons of Health and Health Expenditures 308

16 Value for Money in the Future of Health Care 325

Glossary G-1

Index I-1

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.