As millions of Americans are aware, health care costs continue to increase rapidly. Much of this increase is due to the development of new life-sustaining drugs and procedures, but part of it is due to the increased monopoly power of physicians, insurance companies, and hospitals, as the health care sector undergoes reorganization and consolidation. There are two tools to limit the growth of monopoly power: government regulation and antitrust policy. In this timely book, Deborah Haas-Wilson argues that enforcement of the antitrust laws is the tool of choice in most cases.
The...
As millions of Americans are aware, health care costs continue to increase rapidly. Much of this increase is due to the development of new life-sus...
Peter J. Hammer Deborah Haas-Wilson Mark A. Peterson
This volume revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay -Uncertainty and the Welfare Economics of Medical Care- in light of the many changes in American health care since its publication. Arrow's groundbreaking piece, reprinted in full here, argued that while medicine was subject to the same models of competition and profit maximization as other industries, concepts of trust and morals also played key roles in understanding medicine as an economic institution and in balancing the asymmetrical relationship between medical providers and their patients. His...
This volume revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay -Uncertainty and the Welfare Economics of Medical Care- in l...
This volume revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay -Uncertainty and the Welfare Economics of Medical Care- in light of the many changes in American health care since its publication. Arrow's groundbreaking piece, reprinted in full here, argued that while medicine was subject to the same models of competition and profit maximization as other industries, concepts of trust and morals also played key roles in understanding medicine as an economic institution and in balancing the asymmetrical relationship between medical providers and their patients. His...
This volume revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay -Uncertainty and the Welfare Economics of Medical Care- in l...
