The Physicians' Services Market
Understand the central role of physicians in controlling cost in medical care.
Summarize the major supply-side issues in medical care delivery.
Identify the major institutional factors affecting medical
Summarize the historical development of managed care.
Explain the main differences between traditional fee-for-service insurance with
deductibles and copayments and managed care with capitated payments.
Understand the dis
The Hospital Services Market
Summarize the development of the hospital industry in the U.S. and the key
institutional features affecting hospital care.
Understand the importance of the not-for-profit sector in health care delivery and
The Market for Health Insurance
Explain the development of the employer-based insurance system that
dominates the U.S. health care delivery system.
Summarize and apply the theory of risk and insurance to the individual decision
The Market for Pharmaceuticals
Understand and explain the role of pharmaceutical research in medical care.
Understand the role of patents in encouraging innovation and protecting
intellectual property rights.
Explain how the structur
Demand for Health and Medical Care
Compare and contrast the two ways suggested by Grossman to view medical
care as an:
input in the production function for health, and
output produced by medical providers.
Describe the various measu
Economic Evaluation in Health Care
Understand the role of economic evaluation in health care.
Identify the different types of economic evaluation and recognize their distinctive
Explain why scarcity and choice has cul
Using Economics to Study Health Issues
Explain the use of economics as a framework for studying health care issues.
Understand the limits of economics in explaining behavior in medical care
Recognize the importance of incenti
Analyzing Medical Care Markets
Identify the goals of a health care delivery system in terms of quality, access, and
Apply the economic models of perfect and imperfect competition to medical
Define market failure and und
U.S. Medical Care: A System in Transition
Understand the nature of the health care crisis in America.
Identify the important historical developments affecting health care delivery and
finance in the U.S. system.
Identify and explain t