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Now in its fourth edition, The Economics of Health Reconsidered presents an argument that still holds true: despite assertions to the contrary, neither economic theory nor evidence shows that reliance on market forces leads to superior outcomes in healthcare systems. Government plays a crucial role in making the healthcare sector not only more equitable but also more efficient. This book reconsiders the field of health economics as it is traditionally taught and practiced. It critically examines economic theory as applied to the health sector and questions the prevailing belief that a competitive healthcare marketplace results in the best outcomes.
Fully revised and updated, this new edition incorporates information on the impact of the implementation of the Affordable Care Act as well as:
This book serves as an ideal stand-alone text for health economics and health policy courses and as a general reference for issues in health economics.