Thoroughly examine how microeconomic principles apply to health care delivery and its policies with Henderson's insightful HEALTH ECONOMICS AND POLICY, 8E. Updates and expanded content help you explore the changing nature of health care, the social and political sides of issues and the future of health care delivery and finance as the U.S. transitions beyond the Affordable Care Act. You learn how to analyze public policy from an economic perspective as new content addresses today's policy environment and changes as well as reform alternatives. Special features address issues in healthcare today, profile health care leaders and offer global comparisons. A convenient new eBook format provides imbedded links to extra content. New appendices show you how to interpret empirical results and perform economic evaluations. This edition clearly introduces an engaging economic side of health care that's interesting no matter what your major or future plans.
PART I: The Relevance of Economics in Health and Medical Care.
1. U.S. Medical Care: A System at the Crossroads.
2. Health Care Spending Issues.
3. Health Care Markets: Can They Work?
4. Welfare Implications in Medical Markets.
5. Economic Evaluation in Health Care.
PART II: Demand-Side Consideration.
6. Demand for Health and Medical Care.
7. Population Health.
PART III: Supply-Side Consideration.
8. The Market for Health Insurance.
9. Managed Care.
10. The Physicians’ Services Market.
11. The Hospital Services Market.
12. Pharmaceuticals.
PART IV: Public Policy in Medical Care Delivery.
13. Medicare.
14. Medicaid.
15. Health Systems in High Income Countries.
16. Medical Care Reform in the United States.
17. Lessons for Public Policy.
Glossary.
Index.
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James W. Henderson
James W. Henderson is the Ben H. Williams Professor of Economics at Baylor University, where his teaching and research center on health economics and policy. Before joining the Baylor faculty, Dr. Henderson was vice president of finance and management at the Dallas Minority Business Center. Dr. Henderson's economic research has appeared in Atlantic Economic Journal, Health Care Financing Review, Journal of Development Economics, Journal of Rural Health and PharmacoEconomics. He has lectured in the United Kingdom, South Africa, Mexico, Sweden, China and Ukraine. Dr. Henderson earned his Ph.D. at Southern Methodist University.
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NEW EBOOK FORMAT OFFERS FLEXIBILITY AND CONVENIENCE. Now available in a new eBook format, this edition lets students easily access full content using a computer, mobile device or eBook reader. With this digital format users can smoothly and simply navigate multiple pages. The entire book is immediately within reach and includes imbedded links with instant access to other resources.
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REORGANIZED AND EXPANDED CONTENT IN PART 1 PROVIDES ADDITIONAL DISCUSSION ABOUT THE IMPORTANCE OF HEALTH CARE ECONOMICS. Completely reorganization content examines health and medical care in five chapters, rather than four. Expanded coverage reviews the U.S. system at a crossroads as students study spending issues, health care markets and the economics behind them as well as the implications of welfare.
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CHAPTER 4 "WELFARE IMPLICATIONS IN MEDICAL MARKETS" CENTRALIZES THIS STUDY OF GOVERNMENT ACTION. Previously, welfare-related details were scattered throughout the book. Now, this streamlined chapter examines all details about the social cost of government action and impediments to competition.
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EXPANDED EXPLANATIONS CLOSELY EXAMINE THE AFFORDABLE CARE ACT (ACA) AND ITS IMPACT. Students review how the ACA has changed the current approach to medical care delivery and finance.
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THREE NEW CHAPTER APPENDICES PROVIDE DETAILS FOR STUDY. A new Chapter 2 appendix examines the use of price indices to adjust nominal medical spending for inflation. A new Chapter 3 appendix continues discussion on causal inference and addresses a major challenge in using observational data in social science and medical research: how to interpret empirical results. Students also learn to differentiate causation and correlation when reading empirical research. A Chapter 5 appendix builds on the discussion of economic evaluation with an empirical approach to performing an evaluation.
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REORGANIZED PART 4 FOCUSES ON TODAY'S POLICY ENVIRONMENT. All chapters in Part 4 have been restructured to focus on the policy environment as it exists under the Affordable Care Act. New content also addresses changes the country can expect under new federal leadership.
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UPDATED CONTENT IN CHAPTER 16 DISCUSSES REFORM ALTERNATIVES. Chapter 15 presents policy options drawn from the rest of the developed world. This paves the way for the challenging discussion in Chapter 16 to examine the accomplishments and shortcomings of the current system and focus on an incremental approach to reform.
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FIRST CHAPTER CLEARLY DEFINES THE BOOK'S AREAS OF CORE FOCUS. Ten key concepts introduced in the first chapter set a unifying theme for the remainder of the text.
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SPECIAL FEATURES AND SPECIFIC CONTENT STRENGTHENS STUDENT UNDERSTANDING. Each chapter begins with a brief policy issue related to the chapter's focus. In addition, special features called "Issues in Medical Care Delivery" in every chapter summarize critical studies in medical research, epidemiology, public health and other fields to help students see the far-reaching impact of health care economics.
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COVERAGE HIGHLIGHTS KEY CONTRIBUTORS IN HEALTH CARE TODAY. Fascinating profiles of real individuals demonstrate how doctors, economists and other stakeholders can profoundly impact health care economics and policy.
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SPECIAL LEARNING FEATURE TEACHES HOW TO USE INSIGHTFUL ANALYTICAL MODELS. This edition's "Back of the Envelope" feature encourages students to use models in analyzing and understanding economics. These features address topics such as the valuation of a life, the calculation of a rate of return, the notion of elasticity, the welfare implications of subsidies, the impact of employer mandates, cost-benefit calculations and the cost effectiveness of disease prevention.
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STRAIGHT-FORWARD DISCUSSION OF "APPLIED MICRO METHODS" DEMONSTRATES HOW THESE ARE USED TO REDUCE ESTIMATION BIAS PRESENT IN OBSERVATIONAL STUDIES. Students examine this bias that serves as the basis of most policy discussions. The book clearly explains the problem of bias and details the four techniques used to correct the bias. Analytical reviews of approximately 20 policy-oriented papers demonstrate the use of these techniques.
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INTERESTING GLOBAL COMPARISONS PINPOINT DIFFERENCES IN U.S. HEALTHCARE VERSUS OTHER COUNTRIES. This feature compares and contrasts the United States and its lifestyle, cultural and economic characteristics to those of seven other developed countries to help students challenge their assumptions about health care.
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HELPFUL MARGIN NOTES CLARIFY IMPORTANT CONCEPTS WITHIN CONTEXT AS STUDENTS READ. Students find definitions of key words and phrases, recommended websites for additional information and policy issues related to the reading in the margins.
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