Nobel laureate Kenneth Arrow passed away on February 21, 2017. In a classic, fifty-year-old paper entitled Uncertainty and the Welfare Economics of Medical Care, Arrow discussed how: “the operation of the medical-care industry and the… Read More »Kenneth Arrow on healthcare economics: a 21st century appreciation
Markets in Health Care
Information and markets; market failure; internal markets; rationing; waiting; discrimination; public goods and exter- nalities; regulation (entry/exit); price controls; institutional subsidies; welfare economics and system evaluation; compar- ative systems.
One of the major challenges to affordable, universal health insurance is the high cost of providing care to the sickest patients. According to Roy Vaughn, senior vice president at BlueCross BlueShield of Tennessee, “just 5… Read More »Sharing the burden of healthcare: providing care to our sickest patients
The UN Secretary General’s High Level Panel on Access to Medicines recently published its long awaited report Promoting innovation and access to health technologies. The report explores and proposes some solutions to the well recognised problem… Read More »Access to medicines and medical technologies for the global poor
Free to choose? Reform, choice, and consideration sets in the English National Health Service. M Gaynor, C Propper, and S Seiler. 2016. American Economic Review [RePEc] Forthcoming The enhancement of patient choice about healthcare provider is a popular target… Read More »Free to choose?: A comment on Gaynor, Propper, and Seiler (2016)