Pricing the Priceless

Name: Pricing the Priceless
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ISBN: 9780262640589

A Health Care Conundrum

Joseph P. Newhouse (Harvard Medical School)

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English

MIT Press
20 August 2004

Economics; Health systems & services

Series: Pricing the Priceless

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.

By: Joseph P. Newhouse (Harvard Medical School)
Imprint: MIT Press
Country of Publication: United States
Edition: New edition
Dimensions: Height: 229mm, Width: 152mm, Spine: 11mm
Weight: 386g
ISBN: 9780262640589
ISBN 10: 0262640589
Series: Pricing the Priceless
Pages: 266
Publication Date: 20 August 2004
Recommended Age: From 18 years
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Joseph P. Newhouse is John D. MacArthur Professor of Health Policy and Management at Harvard University and Director of the Division of Health Policy Research and Education. He is the founding editor of the Journal of Health Economics.

Reviews for Pricing the Priceless: A Health Care Conundrum

The book is well crafted and comprehensive...an excellent overview of health care financing... Teresa M. Waters Nature Medicine The book is well crafted and comprehensive... an excellent overview of health care financing. Teresa M. Waters Nature Medicine

Winner of <PrizeName>Winner of the 2003 Certificate of Excellence presented by the TIAA-CREF Institute.</PrizeName> 2003
Winner of TIAA-CREF Samuelson Award Certificate of Excellence 2003.
Winner of Winner of the 2003 Certificate of Excellence presented by the TIAA-CREF Institute. 2003
Winner of Winner of the 2003 Certificate of Excellence presented by the TIAA-CREF Institute.</PrizeName> 2003