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Pricing the priceless : a health care conundrum / Joseph P. Newhouse.

By: Material type: TextTextSeries: Walras-Pareto lectures (Unnumbered)Publication details: Cambridge, Mass. : MIT Press, ©2002.Description: 1 online resource (viii, 258 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780262280600
  • 0262280604
  • 0585437076
  • 9780585437071
  • 0262140799
  • 9780262140799
  • 9780585437076
Subject(s): Genre/Form: Additional physical formats: Print version:: Pricing the priceless.DDC classification:
  • 338.4/33621/0973 21
LOC classification:
  • RA395.A3 N483 2002eb
NLM classification:
  • W 74.1
Other classification:
  • 44.05
  • QX 700
  • MED 722f
Online resources:
Contents:
Fee-for-service medicine and its discontents -- The integration of medical insurance and medical care -- The management of moral hazard and stinting : demand- and supply-side prices -- Selection and the demand side -- Selection and the supply side -- Risk adjustment, market equilibrium, and carveouts : pulling a rabbit out of a hat?
Action note:
  • digitized 2021. HathiTrust Digital Library committed to preserve
Summary: The health care industry differs from most other industries in that medical pricing is primarily administered by the government and private insurers and in that it uses several types of contracts. Providers may receive a fixed sum for all necessary services within a given period of time, for the necessary services to treat a given condition, or for each specific service. The industry is changing dramatically, offering many natural experiments to aid understanding of the economics of pricing for health care.In Pricing the Priceless, Joseph Newhouse explains the different pricing systems and how they affect resource allocation and efficiency, focusing on the efficiency of pricing. He also discusses larger issues of equity, fair distribution of burden, and social justice. Although most of the examples are American-based, the same issues arise in all medical care financing and delivery systems, and the theories and models are general enough to apply to many institutional contexts. The topics include Medicare, managed care, the contemporary integration of health insurance and medical care, the management of moral hazard and stinting, uncertainty and risk aversion, the demand for health insurance, agency relationships, information disparities, regulation, and supply-side and demand-side selection.
Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
eBook eBook e-Library EBSCO Business Available
Total holds: 0

Includes bibliographical references (pages 239-254) and index.

Print version record.

The health care industry differs from most other industries in that medical pricing is primarily administered by the government and private insurers and in that it uses several types of contracts. Providers may receive a fixed sum for all necessary services within a given period of time, for the necessary services to treat a given condition, or for each specific service. The industry is changing dramatically, offering many natural experiments to aid understanding of the economics of pricing for health care.In Pricing the Priceless, Joseph Newhouse explains the different pricing systems and how they affect resource allocation and efficiency, focusing on the efficiency of pricing. He also discusses larger issues of equity, fair distribution of burden, and social justice. Although most of the examples are American-based, the same issues arise in all medical care financing and delivery systems, and the theories and models are general enough to apply to many institutional contexts. The topics include Medicare, managed care, the contemporary integration of health insurance and medical care, the management of moral hazard and stinting, uncertainty and risk aversion, the demand for health insurance, agency relationships, information disparities, regulation, and supply-side and demand-side selection.

Fee-for-service medicine and its discontents -- The integration of medical insurance and medical care -- The management of moral hazard and stinting : demand- and supply-side prices -- Selection and the demand side -- Selection and the supply side -- Risk adjustment, market equilibrium, and carveouts : pulling a rabbit out of a hat?

Use copy Restrictions unspecified star MiAaHDL

Electronic reproduction. [Place of publication not identified]: HathiTrust Digital Library. 2021. MiAaHDL

Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL

http://purl.oclc.org/DLF/benchrepro0212

digitized 2021. HathiTrust Digital Library committed to preserve pda MiAaHDL

English.

WorldCat record variable field(s) change: 650

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