Health Economics, second edition / Edition 2

by Frank A. Sloan, Chee-Ruey Hsieh

Overview

The new edition of a textbook that combines economic concepts with empirical evidence, updated with material on the Affordable Care Act and other developments.

This book introduces students to the growing research field of health economics. Rather than offer details about health systems without providing a theoretical context, Health Economics combines economic concepts with empirical evidence to enhance readers' economic understanding of how health care institutions and markets function. The theoretical and empirical approaches draw heavily on the general field of applied microeconomics, but the text moves from the individual and firm level to the market level to a macroeconomic view of the role of health and health care within the economy as a whole. The book takes a global perspective, with description and analysis of institutional features of health sectors in countries around the world.

This second edition has been updated to include material on the U.S. Patient Protection and Affordable Care Act, material on the expansion of health insurance in Massachusetts, and an evaluation of Oregon's Medicaid expansion via lottery. The discussion of health care and health insurance in China has been substantially revised to reflect widespread changes there. Tables and figures have been updated with newly available data. Also new to this edition is a discussion of the health economics literature published between 2010 and 2015.

The text includes readings, extensive references, review and discussion questions, and exercises. A student solutions manual offers solutions to selected exercises. Downloadable supplementary material is available for instructors.

Product Details

ISBN-13:	9780262035118
Publisher:	MIT Press
Publication date:	01/27/2017
Series:	The MIT Press
Edition description:	second edition
Pages:	840
Product dimensions:	8.10(w) x 9.10(h) x 1.00(d)
Age Range:	18 Years

About the Author

Frank Sloan, awarded the Victor R. Fuchs Award for Lifetime Contributions to the Field of Health Economics in 2016, is J. Alexander McMahon Professor of Health Policy and Management and Professor of Economics at Duke University. He is coauthor of The Price of Smoking (2004) and Medical Malpractice (2008) and coeditor of Incentives and Choices in Health Care (2008), all published by the MIT Press.

Chee-Ruey Hsieh is a Research Professor of Health Economics at Duke Global Health Institute, Duke University, and the Global Health Research Center, Duke Kunshan University.

What People are Saying About This

John Cawley

Health Economics is Sloan and Hsieh's magnum opus, in which they share with readers their exceptionally broad and rich understanding of all aspects of the field. There are very few people who could have written this book, and among them very few who would have been willing to expend the time and effort to synthesize decades of research and make it all clear and accessible. This textbook is a gift to the next generation of health economists.

Thomas McGuire

With an updated, polished, and broadened second edition, Sloan and Hsieh's Health Economics is elevated to the status of a classic text in health economics. Every chapter is solidly grounded in economic analysis, accessible to those fresh to economics, and a trustworthy guide for those interested in more advanced studies.

Martin Saavedra

Sloan and Hsieh successfully blend economic theory and empirical evidence without ignoring health care policy, institutions, or history. Rarely is such a comprehensive text so clear and accessible.

Endorsement

Health Economics is likely to be the new standard. The exposition is accessible and engaging. The economic content is deep as well as broad, and will serve the needs of both advanced students and economics novices.

—John A. Romley, Price School of Public Policy, University of Southern California; Economist, Leonard D. Schaeffer Center for Health Policy and Economics; Managing Editor, Forum for Health Economics & Policy

From the Publisher

Sloan and Hsieh successfully blend economic theory and empirical evidence without ignoring health care policy, institutions, or history. Rarely is such a comprehensive text so clear and accessible.

— Martin Saavedra , Assistant Professor of Economics, Oberlin College

With an updated, polished, and broadened second edition, Sloan and Hsieh's Health Economics is elevated to the status of a classic text in health economics. Every chapter is solidly grounded in economic analysis, accessible to those fresh to economics, and a trustworthy guide for those interested in more advanced studies.

— Thomas McGuire , Professor of Health Economics, Department of Health Care Policy, Harvard Medical School

Michael Grossman

This comprehensive book covers virtually every aspect of health economics. The book can be used in a highly successful manner in courses for undergraduate economics majors and minors, as well in those for undergraduates and graduate students with little background in the discipline. Moreover, given its wide-ranging discussions of practically all of the recent literature, it is a key supplementary text for graduate courses in health economics. Bravo for this tour de force of the field!

John A. Romley

Health Economics is likely to be the new standard. The exposition is accessible and engaging. The economic content is deep as well as broad, and will serve the needs of both advanced students and economics novices.