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Health Economics: Fundamentals and Flow of Funds, by Thomas E. Getzen
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A practical primer to the dynamic field of health economics. Written by Thomas Getzen, a leading academic and practitioner, and currently Director of the International Health Economics Association, this complete, accessible text introduces students to the economic analysis of medical markets and the production of health.
Updated and revised with new cases and the latest developments in the field, the new Second Edition traces the economic rationale and development of the medical care organization. It thoroughly introduces students to the principles and concepts of health economics without requiring prolonged preparatory work or extensive mathematical manipulation.
* Cases illustrate practical uses of economic theory in each chapter.
* More streamlined presentation of macro and historical materials.
* Covers the relationship of marketing to marginal cost.
- Sales Rank: #3826737 in Books
- Published on: 2003-06-30
- Original language: English
- Number of items: 1
- Dimensions: 10.16" h x .87" w x 7.13" l, .0 pounds
- Binding: Hardcover
- 464 pages
Review
Instructor's Manual available. -- The publisher, John Wiley & Sons
From the Publisher
This text is a primer for the economic analysis of medical markets and the production of health. It traces the economic rationale and development of the medical care organization. The first thirteen chapters use a "flow of funds" approach to describe the incentives and organizational structure of the health care system. Transactions between patients and physicians (and other) are examined to see how profits are made, costs covered, contracts written (or implied), and regulations formed. The continuing evolution of the system in the U.S. is the subject of two chapters on managed care. The last seven chapters take a wider macroeconomic perspective in order to explore the dynamics of change within the health care system, and to explicitly consider determinants of national health spending and the role of governments in public and private health.
From the Back Cover
A PRACTICAL PRIMER TO THE DYNAMIC FIELD OF HEALTH ECONOMICS!
What is the value of life? What does it mean to trust a surgeon who profits in crises? Why does health care cost so much? Is insurance the solution to the high cost of health care, or is it part of the problem? Questions like these make health care economics one of the most fascinating field of study.
You don’t need a background in economics or a degree in mathematics to explore issues associated with allocating resources to medical care. With Thomas Getzen’s clearly written, down-to-earth approach to health economics, you can develop a thorough and practical understanding of the principles and concepts of how funds flow through the health care system.
Getzen, a leader in the field of health economics and current director if the International Health Economics Association, traces the economic rationale and development of medical care organizations, as well as the economic and political factors that have influenced them.
Highlights of the Second Edition:
- New cases in each chapter illustrate the practical uses of economic theory.
- New introductory material presents the principles of economics applied to health.
- Features updated statistics, new problem sets, and Web links.
- Covers the relationship of marketing to marginal cost.
- Addresses triple tier pricing for pharmaceuticals.
- Begins with a “flow of funds” approach to describing the incentives and organizational structure of the health care system.
- Clear coverage of demand explains why value and price often are not proportionate.
- Examines transactions among patients, physicians, and third parties to show how profits are made, costs are covered, contracts are written (or implied), and regulations are formed.
- Outlines the continuing evolution of managed care in the United States.
- Explores the dynamics of change within the health care system from a macroeconomics perspective.
Most helpful customer reviews
25 of 25 people found the following review helpful.
The perfect introduction to health care economics.
By A Customer
I wrote a paper on managed care competition for an economics course. This book proved invaluable. Without any previous knowledge of health economics, I was able to read, learn, and understand a fairly complex subject in a short amount of time using this book. The text covers everything but remains at an undergrad level. The arguments and examples are simple, clear, interesting, and easy to remember. I definitely found this to be the best introduction and overview to health economics, after having read six or seven books on the subject.
2 of 2 people found the following review helpful.
Solid, even-handed treatment of a touchy subject
By M. Anderson
I am currently reading this book for an online course I am taking, and I am very impressed. It is well-reasoned, seeks to look at all perspectives objectively and avoids the trap of taking sides in the current healthcare debate. While the subject matter is by no means easy, the book is nonetheless highly accessible and engaging. I would not hesitate to recommend it to anybody wishing to gain a solid understanding of our healthcare system in the United States.
1 of 1 people found the following review helpful.
Excellent
By BookWorm
Excellent review of the present literature and ongoing research paradigms. Sets the stage for fiery debate on nationalized healthcare in the United States.
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