By Sherman Folland
For classes in health and wellbeing Economics, U.S. future health Policy/Systems, or Public healthiness, taken by way of well-being companies scholars or practitioners, the textual content makes financial options the spine of its overall healthiness care coverage.
Folland, Goodman and Stano's book is the bestselling wellbeing and fitness Care Economics textual content that teaches via center fiscal issues, instead of thoughts specific to the wellbeing and fitness care financial system.
This version comprises revised and up-to-date facts tables, the place appropriate. the arrival of the sufferer safeguard and cheap Care Act (PPACA) in 2010 has additionally resulted in alterations in lots of chapters , so much particularly within the association and concentration of bankruptcy sixteen.
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Extra info for The Economics of Health and Healthcare
Sample text
We also must explore the economic reasons behind people’s health choices. People take care of themselves well at some times and poorly at other times. People’s desired health status can be understood as a meaningful economic choice. Even addiction to a relatively benign substance such as caffeine or a harmful substance such as methamphetamine can be understood better when analyzed as a possibly rational economic choice. Other health issues clearly have an economic aspect: What role should the government play in health?
Nonprofit firms provide symphony music and college educations, as well as health care. Special tools of analysis are needed in all these cases, not just for health care. Health and health care are undoubtedly unique in having this combination of distinctive features and perhaps in possessing the sheer number of them. It is unsurprising, therefore, that a distinctive field of economic inquiry with a distinctive set of questions has arisen. 2 Projections by Keehan et al. 8 percent by 2020. Chapter 1 • Introduction 17 Health economics has enjoyed rapid growth and widespread acceptance since the mid1960s, but its future undoubtedly rests on its ability to inform and influence those who make policy.
The value of health in the production of other goods is exemplified not just in reduced absenteeism rates but also in output per worker on the job. In both its consumption and production aspects, the output of the health sector makes a substantial contribution to the economy. The Importance Attached to Economic Problems of Health Care Delivery The health sector receives attention from policymakers because of its widely perceived problems. The substantial resources devoted to health care are reflected in a more meaningful way through the average level of this nation’s spending for health care.