The Economics Of Health Reconsidered Fifth Edition

The fifth edition of The Economics of Health Reconsidered continues to challenge the reliance on market forces to address health policy issues, and it argues instead for the value of government intervention. By critically examining economic theory as applied to the healthcare sector, the authors encourage readers to question the assumptions on which the perceived success of the competitive-healthcare-market model is based. This updated text focuses on how the unique characteristics of healthcare challenge the effectiveness of traditional economic remedies. Chapters explore demand and supply, equity, expenditures, and economic evaluations. This edition's updates include new chapters on: - Social determinants of health that explores the effects of education, income, gender, sexual- and gender-minority identities, early childhood experiences, neighborhood effects, and race/ethnicity on demand for health - Behavioral economics, including how decision making compares to the view assumed by the traditional economic framework The book illustrates how the government plays a crucial role in making the healthcare sector not only more equitable but also more efficient.

Instructor Resources: PowerPoint slides, important chapter concepts, discussion questions with answers, additional readings, and a transition guide to the new edition. Now in its fourth edition, The Economics of Health Reconsidered presents an argument that still holds true: despite assertions to the contrary, neither economic theory nor evidence shows that reliance on market forces leads to superior outcomes in healthcare systems. Government plays a crucial role in making the healthcare sector not only more equitable but also more efficient. This book reconsiders the field of health economics as it is traditionally taught and practiced. It critically examines economic theory as applied to the health sector and questions the prevailing belief that a competitive healthcare marketplace results in the best outcomes. Fully revised and updated, this new edition incorporates information on the impact of the implementation of the Affordable Care Act as well as: A new chapter on healthcare expenditures, which examines healthcare spending in the United States and in other high-income countries, including the magnitude, growth, and causes of high expenditures and the different policies that have been used or proposed to help control them A new chapter that describes the various types of economic evaluation currently used in healthcare, discusses the issues that arise with the use of economic evaluations, and provides information on how to conduct an economic evaluation New and updated data throughout chapters and exhibits This book serves as an ideal stand-alone text for health economics and health policy courses and as a general reference for issues in health economics.

This book guides you toward reconsidering the field of health economics as it is taught & practiced. The book discusses & analyzes the assumptions that must be met for a competitive market to be successful, concludes that these assumptions are not met in the health field, & provides a number of applications for health policy. "Tom Rice has done all of us in health a favor. In succinct, accessible-at times even delightful- prose, he has expressed so many of our concerns about what sometimes passes for 'conventional' health economics." - Gavin Mooney, Ph.D., Professor of Health Economics, University of Sydney, Australia.

In the constantly changing field of health care, HEALTH ECONOMICS, Fifth Edition, delivers coverage that is current, comprehensive, and complete--equipping your students with a solid understanding of the costs and benefits associated with various health care choices. Thoroughly revised, the new Fifth Edition addresses the many changes in both the public and private sectors as it equips students with a very practical knowledge of today's health care systems. The authors bring a fresh, contemporary approach to the content, introducing real-world applications that make economic theory very approachable. With a lively and inviting writing style, the text presents topics in an easy-to-understand format. Its use of only the core foundations of economic theory makes it ideal for majors and non-majors alike. In addition, tools like InfoTrac and Economic Applications maximize student learning and course success! InfoTrac College Edition's online university library offers easy access to more than 5,000 academic and popular magazines, newspapers, and journals, while Economic Applications delivers online access to powerful study guides and review materials. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

This text covers basic health care economic tools and institutions, the role of government, industry studies, and health care reform. This third edition moves material on health and medical care to the front of the text. There is a new chapter on long-term care, and captions on theory now accompany

For courses in Health Economics, U.S. Health Policy/Systems, or Public Health, taken by health services students or practitioners, the text makes economic concepts the backbone of its health care coverage. Folland, Goodman and Stano's book is the bestselling Health Care Economics text that teaches through core economic themes, rather than concepts unique to the health care economy. This edition contains revised and updated data tables, where applicable. The advent of the Patient Protection and Affordable Care Act (PPACA) in 2010 has also led to changes in many chapters , most notably in the organization and focus of Chapter 16.