The Elasticity Of Demand For Health Care
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Author | : Jeanne S. Ringel |
Publisher | : Rand Corporation |
Total Pages | : 57 |
Release | : 2002 |
Genre | : History |
ISBN | : 9780833031099 |
Provides a framework for understanding the effects of changes in the Military Health System benefit structure on the demand for health care services paid for by the DoD.
Author | : Michael Grossman |
Publisher | : Columbia University Press |
Total Pages | : 153 |
Release | : 2017-08-08 |
Genre | : Business & Economics |
ISBN | : 0231544529 |
A seminal work in health economics first published in 1972, Michael Grossman's The Demand for Health introduced a new theoretical model for determining the health status of the population. His work uniquely synthesized economic and public health knowledge and has catalyzed a vastly influential body of health economics literature. It is well past time to bring this important work back into print. Grossman bases his approach on Gary S. Becker's household production function model and his theory of investment in human capital. Consumers demand health, which can include illness-free days in a given year or life expectancy, and then produce it through the input of medical care services, diet, other market goods and services, and time. Grossman also treats health and knowledge as equal parts of the durable stock of human capital. Consumers therefore have an incentive to invest in health to increase their earnings in the future. From here, Grossman examines complementarities between health capital and other forms of human capital, the most important of which is knowledge capital earned through schooling and its effect on the efficiency of production. He concludes that the rate of return on investing in health by increasing education may exceed the rate of return on investing in health through greater medical care. Higher income may not lead to better health outcomes, as wealth enables the consumption of goods and services with adverse health effects. These are some of the major revelations of Grossman's model, findings that have great relevance as we struggle to understand the links between poverty, education, structural disadvantages, and health.
Author | : John A. Nyman |
Publisher | : Stanford University Press |
Total Pages | : 228 |
Release | : 2003 |
Genre | : Health & Fitness |
ISBN | : 9780804744881 |
Why do people buy health insurance? Conventional theory holds that people purchase insurance because they prefer the certainty of paying a small premium to the risk of getting sick and paying a large medical bill. This book presents a new theory of consumer demand for health insurance. It holds that people purchase insurance to obtain additional "income" when they become ill.
Author | : Amy Finkelstein |
Publisher | : Columbia University Press |
Total Pages | : 161 |
Release | : 2014-12-02 |
Genre | : Medical |
ISBN | : 0231538685 |
Addressing the challenge of covering heath care expenses—while minimizing economic risks. Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow’s seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of moral hazard for health care, and Amy Finkelstein—recognized as one of the world’s foremost experts on the topic—here examines this issue in the context of contemporary American health care policy. Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this. The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side moral hazard, and reflections from Joseph E. Stiglitz and Kenneth J. Arrow. “Reads like a fireside chat among a group of distinguished, articulate health economists.” —Choice
Author | : Universities--National Bureau Committee for Economic Research |
Publisher | : New York: National Bureau of Economic Research |
Total Pages | : 572 |
Release | : 1976 |
Genre | : Health insurance |
ISBN | : |
"A conference of the Universities--National Bureau Committee for Economic Research."--T.p.
Author | : M. Perlman |
Publisher | : Springer |
Total Pages | : 560 |
Release | : 2016-04-30 |
Genre | : Art |
ISBN | : 1349636606 |
Record of Discussion6 Economics of Need: The Experience of the British Health Service; 7 Private Patients in N.H.S. Hospitals: Waiting Lists and Subsidies; 8 Consumer Protection, Incentives and Externalities in the Drug Market; Summary Record of Discussion; 9 Price and Income Elasticities for Medical Care Services; 10 Supplier-Induced Demand: Some Empirical Evidence and Implications; 11 Some Economic Aspects of Mortality in Developed Countries; Summary Record of Discussion; PART THREE: THE IMPACT OF DEMAND FOR HEALTH SERVICES; 12 Health, Hours and Wages
Author | : Willard G. Manning |
Publisher | : Rand Corporation |
Total Pages | : 99 |
Release | : 1988 |
Genre | : Social Science |
ISBN | : 9780833008640 |
"Supported by the U.S. Department of Health and Human Services."
Author | : Jonathan Cylus |
Publisher | : Health Policy |
Total Pages | : 264 |
Release | : 2016-12-15 |
Genre | : Medical |
ISBN | : 9789289050418 |
In this book the authors explore the state of the art on efficiency measurement in health systems and international experts offer insights into the pitfalls and potential associated with various measurement techniques. The authors show that: - The core idea of efficiency is easy to understand in principle - maximizing valued outputs relative to inputs, but is often difficult to make operational in real-life situations - There have been numerous advances in data collection and availability, as well as innovative methodological approaches that give valuable insights into how efficiently health care is delivered - Our simple analytical framework can facilitate the development and interpretation of efficiency indicators.
Author | : Lanis Hicks |
Publisher | : Jones & Bartlett Learning |
Total Pages | : 389 |
Release | : 2020-02-26 |
Genre | : Medical |
ISBN | : 128418353X |
Economics of Health and Medical Care is an introduction to population-based health economics as well as the traditional, market-oriented approach to health care economics. The book examines economics through the lens of descriptive, explanatory, and evaluative economics. The Seventh Edition is an extensive revision that reflects the vast changes that have been occurring in the health care industry and in the economy, most notably in the areas for payment systems and quality improvement. Additionally, the text offers expanded discussion of the impact of the Affordable Care Act on the demand for healthcare services and health insurance, particularly regarding Medicare and Medicaid programs. Evolving issues in healthcare as well as discussion of the implication for efficiency in the production and consumption of healthcare services are covered throughout the text.
Author | : Mark V. Pauly |
Publisher | : Elsevier |
Total Pages | : 1149 |
Release | : 2012-01-05 |
Genre | : Business & Economics |
ISBN | : 0444535926 |
"As a relatively new subdiscipline of economics, health economics has made many contributions to areas of the main discipline, such as insurance economics. This volume provides a survey of the burgeoning literature on the subject of health economics." {source : site de l'éditeur].