IMPORTANT COVID-19 UPDATES

9780822332091

Uncertain Times

by ; ; ;
  • ISBN13:

    9780822332091

  • ISBN10:

    0822332094

  • Format: Hardcover
  • Copyright: 2004-01-01
  • Publisher: Duke Univ Pr

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

Purchase Benefits

  • Free Shipping Icon Free Shipping On Orders Over $35!
    Your order must be $35 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • eCampus.com Logo Get Rewarded for Ordering Your Textbooks! Enroll Now
List Price: $109.95 Save up to $16.49
  • Rent Book $93.46
    Add to Cart Free Shipping Icon Free Shipping

    TERM
    PRICE
    DUE
    USUALLY SHIPS IN 7-10 BUSINESS DAYS
    *This item is part of an exclusive publisher rental program and requires an additional convenience fee. This fee will be reflected in the shopping cart.

Supplemental Materials

What is included with this book?

Summary

This volume revisits the Nobel Prize-winning economist Kenneth Arrowrs"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. Arrowrs"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 conclusions about the medical professionrs"s failures to "insure against uncertainties" helped initiate the reevaluation of insurance as a public and private good.Coming from diverse backgrounds-economics, law, political science, and the health care industry itself-the contributors use Arrowrs"s article to address a range of present-day health-policy questions. They examine everything from health insurance and technological innovation to the roles of charity, nonprofit institutions, and self-regulation in addressing medical needs. The collection concludes with a new essay by Arrow, in which he reflects on the health care markets of the new millennium. At a time when medical costs continue to rise, the ranks of the uninsured grow, and uncertainty reigns even among those with health insurance, this volume looks back at a seminal work of scholarship to provide critical guidance for the years ahead.Contributors Linda H. Aiken Kenneth J. Arrow Gloria J. Bazzoli M. Gregg Bloche Lawrence Casalino Michael Chernew Richard A. Cooper Victor R. Fuchs Annetine C. Gelijns Sherry A. Glied Deborah Haas-Wilson Mark A. Hall Peter J. Hammer Clark C. Havighurst Peter D. Jacobson Richard Kronick Michael L. Millenson Jack Needleman Richard R. Nelson Mark V. Pauly Mark A. Peterson Uwe E. Reinhardt James C. Robinson William M. Sage J. B. Silvers Frank A. Sloan Joshua Graff Zivin

Table of Contents

Foreword
Mark V. Pauly
vii
Preface
Victor R. Fuchs
xiii
Kenneth Arrow and the Changing Economics of Health Care: "Why Arrow? Why Now?"
Peter J. Hammer, Deborah Haas-Wilson, Mark A. Peterson, and William M. Sage
xvii
Uncertainty and the Welfare Economics of Medical Care (American Economic Review, 1963)
Kenneth J. Arrow
1(36)
PART I: SUPPLY, DEMAND, AND HEALTH CARE COMPETITION
General Equilibrium and Marketability in the Health Care Industry
Michael Chernew
37(12)
Arrow's Concept of the Health Care Consumer: A Forty-Year Retrospective
Frank A. Sloan
49(11)
Uncertainty and Technological Change in Medicine
Annetine C. Gelijns, Joshua Graff Zivin, and Richard R. Nelson
60(11)
Human Inputs: The Health Care Workforce and Medical Markets
Richard A. Cooper and Linda H. Aiken
71(13)
Health Care as a (Big) Business: The Antitrust Response
Clark C. Havighurst
84(19)
PART 2: RISK, INSURANCE, AND REDISTRIBUTION
Health Insurance and Market Failure since Arrow
Sherry A. Glied
103(8)
Can Efficiency in Health Care Be Left to the Market?
Uwe E. Reinhardt
111(23)
Valuing Charity
Richard Kronick
134(8)
Medical Service Risk and the Evolution of Provider Compensation Arrangements
Gloria J. Bazzoli
142(14)
The Role of the Capital Markets in Restructuring Health Care
J.B. Silvers
156(13)
PART 3: INFORMATION, KNOWLEDGE, AND MEDICAL MARKETS
Arrow and the Information Market Failure in Health Care: The Changing Content and Sources of Health Care Information
Deborah Haas-Wilson
169(12)
The End of Asymmetric Information
James C. Robinson
181(8)
Managing Uncertainty: Intermediate Organizations as Triple Agents
Lawrence Casalino
189(13)
Moral Hazard vs. Real Hazard: Quality of Care Post-Arrow
Michael L. Millenson
202(13)
PART 4: SOCIAL NORMS AND PROFESSIONALISM
Arrow's Analysis of Social Institutions: Entering the Marketplace with Giving Hands?
Peter J. Hammer
215(15)
The Market for Medical Ethics
M. Gregg Bloche
230(13)
The Role of Nonprofits in Health Care
Jack Needleman
243(16)
Arrow on Trust
Mark A. Hall
259(13)
From Trust to Political Power: Interest Groups, Public Choice, and Health Care
Mark A. Peterson
272(18)
Regulating Health Care: From Self Regulation to Self Regulation?
Peter D. Jacobson
290(12)
The Lawyerization of Medicine
William M. Sage
302(19)
PART 5: RESPONSE BY PROFESSOR ARROW
Reflections on the Reflections
Kenneth J. Arrow
321(6)
Contributors 327(8)
Index 335

Rewards Program

Write a Review