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Textbook
Health Economics and Financing, 4th EditionJanuary 2010, ©2010
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The New 4th Edition draws upon the work of many scholars, but in keeping with its design as a primer for introducing students to the principles and concepts of health economics rather than its literature and research methods, the use of attribution, footnotes and references is purposely limited.
Acknowledgments.
About the Author.
Foreword.
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.
Glossary.
Index.
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NEW C-B and CEA case studies, linkage to demand curves distinguishing marginal from average benefits.
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NEW coverage on emerging Health Care System in China
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NEW investment cases and ROI of specialty Medical Education.
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NEW sections on Health Care Reform: Path Dependence and the emergence of an "Obama Plan"
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NEWLY REVISED Chapter 18: United States on the cusp of a major change in health care and medical financing—the potential for change, and the well-grounded expectation that any changes will grow out of what has come before (a process known as “path dependence”) is addressed. Also includes forecasts, a brief introduction to behavioral economics, the dynamics of technological change, the expansion of welfare to include “happiness” and alternative valuations of “GDP,” disequilibrium, and some other issues that are now at the forefront of contemporary economics research.
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Updated WWW references are used throughout the text to provide access to current material. There are links to a variety of major sources of health economics data and commentary such as the NCHS, WHO, OECD, CDC, CMS, GAO, and others.
- Basic principles and concepts as tools for economic analysis presented in Chapters 1 & 2.
- Traces the flow of funds through the system to illustrate ownership and incentives.
- Analyses of capital financing, ownership, and social insurance.
- Extensive quantitative and qualitative problem sets (200+) and instructor's manual.



