The Economics of U.S. Health Care Policy
The Role of Market Forces
By (author) Frank W. Musgrave
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Economics of U.S. Health Care Policy by Frank W. Musgrave
Book DescriptionDesigned as a primary text for courses in health care economics and policy analysis, this comprehensive work places the issues and economic analysis of the health care industry in the context of market forces driving the industry, including negotiated markets, managed care, and the growing influence of oligopolies. Written in accessible prose, without the aid of technical jargon and mathematical formulations, the content is rich with applicable, understandable economic concepts and analysis, and examples of market failure and government involvement. Some of the major policy issues covered are drug pricing, Medicare and Medicaid reform, the medically uninsured, for-profit hospital monopoly price power, managed care competitive pricing, and new negotiated markets. The relevant economic concepts employed in the text include price elasticity of demand/supply, market structure from competitive to oligopolistic markets, monopoly pricing power, measures of health care inflation and the biases of the CPI, demand and supply factors, inverse relationship of present health care expenditures as a percentage of GDP, measures/concepts of efficiency, and the role of government in a market era.
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Book DetailsISBN: 9780765612557
(234mm x 156mm x 18mm)
Imprint: M.E. Sharpe
Publisher: Taylor & Francis Inc
Publish Date: 1-Jan-2006
Country of Publication: United States
Books By Author Frank W. Musgrave
Economics of U.S. Health Care Policy, Paperback (January 2006)» View all books by Frank W. Musgrave
Designed for courses in health care economics and policy analysis, this work places the issues and economic analysis of the health care industry in the context of market forces driving the industry, including negotiated markets, managed care, and the growing influence of oligopolies.
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