Health Econ Lecture 1

Health Econ Lecture 1 - Lecture 1: Introduction &...

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Lecture 1: Health Economics 01:220:316 Prof. Derek DeLia, Ph.D.
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The role of economics in healthcare Explain what determines costs, Find efficient path to achieving health system goals Influence how goals are set
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National Health Expenditure in the U.S. Source: Catlin et al., 2008
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Price growth: General vs. medical inflation 0 50 100 150 200 250 300 350 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 General-CPI Medical-CPI Base year 1982-84 Source: Bureau of Labor Statistics
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Other measures of health spending growth in the U.S. Year Real per capita health expenditure* Health expenditure as a percentage of gross domestic product (GDP) 1970 $1,293 7.2% 1980 $2,036 9.1% 1990 $3,447 12.3% 2000 $4,791 13.8% 2006 $6,027 16.0% Source: Catlin et al., 2008 *Adjusted for inflation using implicit price deflator for GDP (Base year 2000)
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1. Increasing wealth 1. 3
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Health Econ Lecture 1 - Lecture 1: Introduction &...

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