Major Concepts of Health Care Economics

Victor Fuchs

Chapter 6 in Health Economics and Policy:Selected Writings by Victor Fuchs, 2018, pp 71-78 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This article applies major economic concepts, such as supply, demand, monopoly, monopsony, adverse selection, and moral hazard, to central features of U.S. health care. These illustrations help explain some of the principal problems of health policy-high cost and the uninsured — and why solutions are difficult to obtain.

Keywords: Health; Medical Care; Health Policy; Economics; Health Care Reform; Health Insurance (search for similar items in EconPapers)
JEL-codes: I15 (search for similar items in EconPapers)
Date: 2018
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