Major concepts of health care economics.
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.
Victor R
VR
Fuchs
D003695:Delivery of Health Care / Q000191:economics*; D005380:Financing, Government; D018166:Health Care Reform / Q000191:economics; D005102:Health Expenditures; D006291:Health Policy / Q000191:economics*; D006801:Humans; D017057:Medically Uninsured; D014481:United States