Consumption Set and the Demand for Health Care PDF Download

Author: Abed A. Kharabsheh
Publisher:
ISBN:
Category :
Languages : en
Pages : 131

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Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 030946921X
Category : Medical
Languages : en
Pages : 161

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The Social Security Administration (SSA) administers two programs that provide benefits based on disability: the Social Security Disability Insurance (SSDI) program and the Supplemental Security Income (SSI) program. This report analyzes health care utilizations as they relate to impairment severity and SSA's definition of disability. Health Care Utilization as a Proxy in Disability Determination identifies types of utilizations that might be good proxies for "listing-level" severity; that is, what represents an impairment, or combination of impairments, that are severe enough to prevent a person from doing any gainful activity, regardless of age, education, or work experience.

Author: Michael Grossman
Publisher: Columbia University Press
ISBN: 0231544529
Category : Business & Economics
Languages : en
Pages : 153

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Book Description
A seminal work in health economics first published in 1972, Michael Grossman's The Demand for Health introduced a new theoretical model for determining the health status of the population. His work uniquely synthesized economic and public health knowledge and has catalyzed a vastly influential body of health economics literature. It is well past time to bring this important work back into print. Grossman bases his approach on Gary S. Becker's household production function model and his theory of investment in human capital. Consumers demand health, which can include illness-free days in a given year or life expectancy, and then produce it through the input of medical care services, diet, other market goods and services, and time. Grossman also treats health and knowledge as equal parts of the durable stock of human capital. Consumers therefore have an incentive to invest in health to increase their earnings in the future. From here, Grossman examines complementarities between health capital and other forms of human capital, the most important of which is knowledge capital earned through schooling and its effect on the efficiency of production. He concludes that the rate of return on investing in health by increasing education may exceed the rate of return on investing in health through greater medical care. Higher income may not lead to better health outcomes, as wealth enables the consumption of goods and services with adverse health effects. These are some of the major revelations of Grossman's model, findings that have great relevance as we struggle to understand the links between poverty, education, structural disadvantages, and health.

Author:
Publisher: Newnes
ISBN: 0123756790
Category : Medical
Languages : en
Pages : 1663

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The Encyclopedia of Health Economics offers students, researchers and policymakers objective and detailed empirical analysis and clear reviews of current theories and polices. It helps practitioners such as health care managers and planners by providing accessible overviews into the broad field of health economics, including the economics of designing health service finance and delivery and the economics of public and population health. This encyclopedia provides an organized overview of this diverse field, providing one trusted source for up-to-date research and analysis of this highly charged and fast-moving subject area. Features research-driven articles that are objective, better-crafted, and more detailed than is currently available in journals and handbooks Combines insights and scholarship across the breadth of health economics, where theory and empirical work increasingly come from non-economists Provides overviews of key policies, theories and programs in easy-to-understand language

Author: John A. Nyman
Publisher: Stanford University Press
ISBN: 9780804744881
Category : Health & Fitness
Languages : en
Pages : 228

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Why do people buy health insurance? Conventional theory holds that people purchase insurance because they prefer the certainty of paying a small premium to the risk of getting sick and paying a large medical bill. This book presents a new theory of consumer demand for health insurance. It holds that people purchase insurance to obtain additional "income" when they become ill.

Author: Sherman Folland
Publisher: Taylor & Francis
ISBN: 1351595210
Category : Business & Economics
Languages : en
Pages : 724

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Book Description
Folland, Goodman, and Stano’s bestselling The Economics of Health and Health Care text offers the market-leading overview of all aspects of Health Economics, teaching through core economic themes, rather than concepts unique to the health care economy. The Eighth Edition of this key textbook has been revised and updated throughout, and reflects changes since the implementation of the Affordable Care Act (ACA). In addition to its revised treatment of health insurance, the text also introduces the key literature on social capital as it applies to individual and public health, as well as looking at public health initiatives relating to population health and economic equity, and comparing numerous policies across Western countries, China, and the developing world. It provides up-to-date discussions on current issues, as well as a comprehensive bibliography with over 1,100 references. Extra material and teaching resources are now also available through the brand new companion website, which provides full sets of discussion questions, exercises, presentation slides, and a test bank. This book demonstrates the multiplicity of ways in which economists analyze the health care system, and is suitable for courses in Health Economics, Health Policy/Systems, or Public Health, taken by health services students or practitioners.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264480919
Category :
Languages : en
Pages : 275

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Health at a Glance provides a comprehensive set of indicators on population health and health system performance across OECD members and key emerging economies. This edition has a special focus on the health impact of COVID-19 in OECD countries, including deaths and illness caused by the virus, adverse effects on access and quality of care, and the growing burden of mental ill-health.

Author: Jonathan Cylus
Publisher: Health Policy
ISBN: 9789289050418
Category : Medical
Languages : en
Pages : 264

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In this book the authors explore the state of the art on efficiency measurement in health systems and international experts offer insights into the pitfalls and potential associated with various measurement techniques. The authors show that: - The core idea of efficiency is easy to understand in principle - maximizing valued outputs relative to inputs, but is often difficult to make operational in real-life situations - There have been numerous advances in data collection and availability, as well as innovative methodological approaches that give valuable insights into how efficiently health care is delivered - Our simple analytical framework can facilitate the development and interpretation of efficiency indicators.

Author: Jennifer Leigh Kohn
Publisher:
ISBN:
Category : Medical economics
Languages : en
Pages : 149

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Book Description
I develop a theoretical model to explain observed patterns of medical care demand and test the hypothesis that demand is greater the greater the decline in health at any level of health. Medical care demand is highly skewed: the top 5% of individuals consume nearly 50% of expenditures, and nearly half of lifetime expenditures occur after age 65. Extant economic models don't explain this behavior. For example, Murphy & Topel (2006) suggest the willingness to pay for health decreases with age and illness. Grossman (1972) concludes that we demand less health over time, and maintained assumptions about health transition make observed spikes in medical spending unlikely. Tomas Philipson (2007 iHEA plenary) suggested either consumers act irrationally or economists have not adequately modeled behavior. I explore the latter explanation. I specify an optimal control model that extends the seminal Grossman (1972) model in three ways. I include the change in health in utility; I model depreciation as an amount rather than a rate; and I allow the health state to increase health production. Contrary to the Grossman model, the resulting demand for health suggests an inevitable disequilibrium as health declines between increasing benefits and declining costs of health capital that individuals can only balance by increasing medical care. The time path for medical care demand suggests the change in health rather than the state of health drives increasing demand and that price sensitivity declines over time. I test the central hypothesis that the change in health is significant using the first 14 waves of the British Household Panel Survey (BHPS). I specify a non-linear seemingly unrelated system of demands for consumption and medical care and impose symmetry restrictions on the cross-price parameters so that inferences are consistent with utility maximization theory. I identify instruments for unobservable health and price using a multiple correspondence analysis. I find support for the theory and the assumption that health and wealth are not separable. Results suggest single period, single equation models of medical care demand omit relevant variables that capture dynamic decision making and the relationship between health and wealth.

Author: Ahmed Fathelrahman
Publisher: Academic Press
ISBN: 0128017112
Category : Medical
Languages : en
Pages : 518

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Pharmacy Practice in Developing Countries: Achievements and Challenges offers a detailed review of the history and development of pharmacy practice in developing countries across Africa, Asia, and South America. Pharmacy practice varies substantially from country to country due to variations in needs and expectations, culture, challenges, policy, regulations, available resources, and other factors. This book focuses on each country's strengths and achievements, as well as areas of weakness, barriers to improvement and challenges. It sets out to establish a baseline for best practices, taking all of these factors into account and offering solutions and opportunities for the future. This book is a valuable resource for academics, researchers, practicing pharmacists, policy makers, and students involved in pharmacy practice worldwide as it provides lessons learned on a global scale and seeks to advance the pharmacy profession. - Uses the latest research and statistics to document the history and development of pharmacy practice in developing countries - Describes current practice across various pharmacy sectors to supply a valuable comparative analysis across countries in Africa, Asia, Europe, and South America - Highlights areas of achievement, strengths, uniqueness, and future opportunities to provide a basis for learning and improvement - Establishes a baseline for best practices and solutions