Higher Education

Health Economics and Policy, 6th Edition

  • James W. Henderson Baylor University
  • ISBN-10: 1285758498  |  ISBN-13: 9781285758497
  • 512 Pages
  • Previous Editions: 2012, 2009, 2005
  • © 2015 | Published
  • College Bookstore Wholesale Price = $292.00

About

Overview

The 6th edition of HEALTH ECONOMICS AND POLICY thoroughly demonstrates how microeconomic principles apply to health care delivery and its policies. The text explores the changing nature of health care, the social and political sides of issues, and the future of health care delivery and finance under the Affordable Care Act; the text also teaches students to analyze public policy from an economic perspective. Written for non-economics majors, HEALTH ECONOMICS AND POLICY delivers significant economic content and is appropriate for economics majors.

Features and Benefits

  • Clearly Defined Core Focus: Ten key concepts introduced in the first chapter set a unifying theme for the text, and icons in the margins throughout the text remind students how each subject relates to one of the key concepts.
  • Perspective-Enhancing Issues: Each chapter begins with a brief policy issue related to the chapter's focus. In addition, special features called "Issues in Medical Care Delivery" appear in every chapter and summarize critical studies in medical research, epidemiology, public health, and other fields to help students see the far-reaching impact of health care economics.
  • Key Contributors in Health Care: These fascinating profiles of real-life individuals show students how doctors, economists, and other stakeholders can have a profound impact on health care economics and policy.
  • Insightful Analytical Models: "Back of the Envelope" features throughout the text encourage students to use models in analyzing and understanding economics and addresses such topics 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.
  • Stimulating Global Comparisons: This feature compares and contrasts the United States and its lifestyle, cultural, and economic characteristics to those of six other developed countries to help students challenge their assumptions about health care.
  • Additional marginal notations include definitions of key words and phrases, recommended websites where students can find additional information, and policy issues related to the reading.

Table of Contents

1. U.S. Medical Care: A System in Transition.
2. Using Economics to Study Health Issues.
3. Analyzing Medical Care Markets.
4. Economic Evaluation in Health Care.
5. Demand for Health and Medical Care.
6. The Market for Health Insurance.
7. Managed Care.
8. The Physicians' Services Market.
9. The Hospital Services Market.
10. The Market for Pharmaceuticals.
11. Confounding Factors.
12. Policies That Enhance Access.
13. Policies to Contain Costs.
14. Medical Care Systems Worldwide.
15. Medical Care Reform in the United States.
16. Lessons for Public Policy.
Glossary.
Index.

What's New

  • New content focuses on the future of health care delivery and finance under the Affordable Care Act; the changing environment created by the implementation of the act; and the features, costs, and consequences involved.
  • The question of whether medical care markets should even exist is discussed, and expanded discussion of the function of markets makes it clear that medical care markets are not that much different from any other market.
  • There are new discussions of lifestyle rationing and the development of clinical pathways, as well as a new look at physician shortages and alternative payment practices.
  • Increased discussion of Medicare reform and Medicaid expansion is included.
  • Discussion of expanded health systems now addresses system metrics to clearly distinguish the different characteristics and quality indicators across countries.
  • Discussion of the Confounding Factors has been refocused to examine the factors that contribute to differences in health care spending across the developed world.
  • Fifteen new "Issues in Medical Care Delivery" have been added to the chapters. The topics include the use of medical pathways to standardize treatment and control costs, the way the 17th-century cholera outbreak in London led to the development of epidemiology, the impact of the ACA on insurance premiums, approaches to segmenting markets to promote the purchase of insurance, the connection between insurance and health, efficiency measures in the hospital industry, a simple approach to measuring pharmaceutical R&D spending, Medicare reform options, thoughts on Medicaid expansion, rebranding of ACA insurance exchanges, and the challenges facing policy makers in their attempt to attract the "young invincibles" to purchase overpriced insurance.
  • A revised Instructor's Manual and PowerPoint® slides available electronically on the text's website provide updated support.

Meet the Author

Author Bio

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, he was Vice President of Finance and Management at the Dallas Minority Business Center. Dr. Henderson's economic research has appeared in 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, and Ukraine. Dr. Henderson earned his PhD at Southern Methodist University.