Higher Education

Health Economics: Theory, Insights, and Industry Studies, 5th Edition

  • includes InfoTrac College Edition 2-Semester and Economic Applications Printed Access Card
  • Dr. Rexford E. Santerre University of Connecticut
  • Dr. Stephen P. Neun Anna Maria College
  • ISBN-10: 0324789076  |  ISBN-13: 9780324789072
  • 624 Pages
  • Previous Editions: 2007, 2004, 2004
  • © 2010 | Published
  • College Bookstore Wholesale Price = $297.50
  • Newer Edition Available
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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.

Features and Benefits

  • BASIC ECONOMICS: The authors are very careful to use only the core foundations of economics as they examine the health care industry. This allows instructors the flexibility to use this text for a variety of courses and easily teach students with varying levels of prior economics experience.
  • INDUSTRY PERSPECTIVE: Packed with practical applications, HEALTH ECONOMICS exposes students to institutional arrangement, operation, and performance of a large number of health care markets, including long-term care.
  • COST-BENEFIT ANALYSIS EMPHASIS: Throughout the text, the authors continue to stress the importance of cost-benefit analysis and that this basic microprinciple is the core to understanding health economics.
  • FLEXIBLE COVERAGE OF REGRESSION ANALYSIS: An appendix on regression analysis is provided at the end of Chapter 1, giving instructors the flexibility to introduce students to a more in-depth treatment of regression analysis.

Table of Contents

1. Introduction.
2. Health and Medical Care: An Economic Perspective.
3. Cost and Benefit Analysis.
4. Health Care Systems and Institutions.
5. The Demand for Medical Services.
6. The Demand for Medical Insurance: Traditional and Managed Care Coverage.
7. Medical Care Production and Costs.
8. Structure, Conduct, Performance, and Market Analysis.
9. Government, Health, and Medical Care.
10. Government as Health Insurer.
11. The Private Health Insurance Industry.
12. The Physician Services Industry.
13. The Hospital Services Industry.
14. The Pharmaceutical Industry.
15. The Long-Term Care Industry.
16. Health Care Reform.

What's New

  • CURRENT COVERAGE: Reflecting the latest developments from the field, many topics have been added or expanded for the new fifth edition--ensuring the most up-to-date coverage available!
  • NEW! INTRODUCTORY CHAPTER: Thoroughly revised and rewritten, Chapter 1 is now an introductory chapter, equipping students with a basic understanding of the field before progressing to more specific topics and issues.
  • MEDICAID UPDATE: Reflecting changes in the industry, the coverage of Medicaid has been completely revised and updated.
  • COMPREHENSIVE REVIEW: Offering excellent exam preparation, new review questions and problems have been added that give students more hands-on experience applying chapter material to real-world issues.


All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

PowerPoint®  (ISBN-10: 1439047596 | ISBN-13: 9781439047590)

Available on the instructor Website and Instructor's Resource CD-ROM, vivid PowerPoint® slides enable you to easily enliven and enhance lectures. Each chapter's slides include a lecture outline illustrated with key tables and graphs.

Instructor's Manual  (ISBN-10: 1439047588 | ISBN-13: 9781439047583)

Available on the Instructor Companion Website and Instructor's Resource CD-ROM, this comprehensive resource includes answers to end-of-chapter questions in the text, teaching notes for the mini-cases, a sample syllabus with Web links, a list of readings for each chapter, and ideas for course projects.

Student Supplements

Health Economics (Book Only)  (ISBN-10: 0324789084 | ISBN-13: 9780324789089)

List Price = $402.95  | CengageBrain Price = $402.95  | College Bookstore Wholesale Price = $302.75

Meet the Author

Author Bio

Dr. Rexford E. Santerre

Dr. Rexford E. Santerre, Professor of Finance and Healthcare Management at the University of Connecticut, has taught at the college level for more than 25 years. In addition to co-authoring HEALTH ECONOMICS, he has written numerous articles for various general and specialty academic journals, including the American Journal of Public Health, Applied Health Economics and Health Policy, Economic Inquiry, Healthcare Management Review, Health Economics, International Journal of Health Care Finance and Economics, Journal of Law and Economics, Medical Care Research and Review, National Tax Journal, Public Choice, Southern Economic Journal, and The Review of Economics and Statistics. He received his Ph.D. from the University of Connecticut.

Dr. Stephen P. Neun

Dr. Stephen Neun is Vice President for Academic Affairs at Antioch University New England. He previous served as Academic Dean at Anna Maria College, as Professor of Economics, Assistant Vice President for Academic Affairs, and as Dean of the School of Graduate and Extended Studies at Utica College. In addition to co-authoring HEALTH ECONOMICS, he has published articles on Federal Reserve policy and the location decision of primary care. He also has published articles on executive compensation and corporate control in such journals as the Quarterly Journal of Business, Economics and Managerial Decision Economics, and The Review of Economics and Statistics. He received his Ph.D. in economics from the University of Connecticut.