Nelson Higher Education

Higher Education


Economics of Health and Medical Care, 7th Edition

  • Lanis L. Hicks
  • ISBN-10: 128418353X
  • ISBN-13: 9781284183535
  • 0 Pages | Paperback
  • COPYRIGHT: 2021 Published
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About the Product

Economics of Health and Medical Care is an introduction to population-based health economics as well as the traditional, market-oriented approach to health care economics. The book examines economics through the lens of descriptive, explanatory, and evaluative economics. The Seventh Edition is an extensive revision that reflects the vast changes that have been occurring in the health care industry and in the economy, most notably in the areas for payment systems and quality improvement. Additionally, the text offers expanded discussion of the impact of the Affordable Care Act on the demand for healthcare services and health insurance, particularly regarding Medicare and Medicaid programs. Evolving issues in healthcare as well as discussion of the implication for efficiency in the production and consumption of healthcare services are covered throughout the text.


  • Helpful links to additional online sources further support and clarifyChapter concepts

Table of Contents

Chapter 1: Overview of Economics
Chapter 2: Output of the Health Care Sector
Chapter 3: Economic Dimensions of the Health Care System
Chapter 4: Demand for Health and Medical Care
Chapter 5: Health Care Production and Costs
Chapter 6: Behavior of Supply
Chapter 7: Provider Payment
Chapter 8: Competitive Markets
Chapter 9: Market Power in Health Care
Chapter 10: Health Insurance
Chapter 11: The Labor Market
Chapter 12: Economic Evaluation of Health Services
Chapter 13: Value Judgements and Economic Evaluation
Chapter 14: Financing Health Care
Chapter 15: Public Health Insurance
Chapter 16: Reform of the Health Care Market
Chapter 17: Regulation and Antitrust Policy in Health Care

New to this edition

  • Revised introduction provides an overview of why health economics, explaining the economic approach to understanding health care issues and problems.
  • Updated data to reflect changes in the healthcare system, along with new and expanded empirical studies illustrate the use of economics and healthcare.
  • Updated and expanded glossary that incorporates new and additional terminology in healthcare and now incorporates definitions of basic economic terminology.