The Business of Healthcare and the Economics of Healthcare: Shall Ever the Twain Meet?

Mark V. Pauly

International Journal of the Economics of Business, 2018, vol. 25, issue 1, 181-189

Abstract: This note discusses the differing viewpoints of economic analysis and business leader perceptions of the causes and possible remedies for rising medical care spending that has persisted for many years. The economic approach does not necessarily view spending growth as harmful if the additional beneficial but costly new technology it has historically purchased is worth the cost, and if the additional cost is perceived by decision makers to be ultimately borne by workers in lower wages, not by owners as higher compensation costs or lower capital returns. Possible accommodations to our inability to eliminate (or even define) “waste” in the medical care sector are discussed.

Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13571516.2017.1395241 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:ijecbs:v:25:y:2018:i:1:p:181-189

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CIJB20

DOI: 10.1080/13571516.2017.1395241

Access Statistics for this article

International Journal of the Economics of Business is currently edited by Eleanor Morgan

More articles in International Journal of the Economics of Business from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().