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Uncertain times : Kenneth Arrow and the changing economics of health care

Author: Peter Joseph Hammer; et al
Publisher: Durham : Duke University Press, 2003.
Series: e-Duke books scholarly collection.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
This volume revisits the Nobel Prize-winning economist Kenneth Arrow’s classic 1963 essay “Uncertainty and the Welfare Economics of Medical Care” in light of the many changes in American health care since its publication. Arrow’s groundbreaking piece, reprinted in full here, argued that while medicine was subject to the same models of competition and profit maximization as other industries,  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Named Person: Kenneth Joseph Arrow; Kenneth Joseph Arrow
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Peter Joseph Hammer; et al
ISBN: 9780822385028 0822385023 0822332094 9780822332091
OCLC Number: 262341481
Notes: "Portions of this book originally appeared in the "Journal of health politics, policy, and law"--T.p. verso.
Description: 1 online resource (xxxii, 339 p.)
Contents: Kenneth Arrow and the Changing Economics of Health Care: "Why Arrow? Why Now?" / Peter J. Hammer, Deborah Haas-Wilson, Mark A. Peterson, and William M. Sage --
Uncertainty and the Welfare Economics of Medical Care (American Economic Review, 1963) / Kenneth J. Arrow --
Part 1: Supply, Demand, and Health Care Competition. General Equilibrium and Marketability in the Health Care Industry / Michael Chernew --
Arrow's Concept of the Health Care Consumer: A Forty-Year Retrospective / Frank A. Sloan --
Uncertainty and Technological Change in Medicine / Annetine C. Gelijns, Joshua Graff Zivin, and Richard R. Nelson --
Human Inputs: The Health Care Workforce and Medical Markets / Richard A. Cooper and Linda H. Aiken --
Health Care as a (Big) Business: The Antitrust Response / Clark C. Havighurst --
Part 2: Risk, Insurance, and Redistribution. Health Insurance and Market Failure since Arrow / Sherry A. Glied --
Can Efficiency in Health Care Be Left to the Market? / Uwe E. Reinhardt --
Valuing Charity / Richard Kronick --
Medical Service Risk and the Evolution of Provider Compensation Arrangements / Gloria J. Bazzoli --
The Role of the Capital Markets in Restructuring Health Care / J.B. Silvers --
Part 3: Information, Knowledge, and Medical Markets. Arrow and the Information Market Failure in Health Care: The Changing Content and Sources of Health Care Information / Deborah Haas-Wilson --
The End of Asymmetric Information / James C. Robinson --
Managing Uncertainty: Intermediate Organizations as Triple Agents / Lawrence Casalino --
Moral Hazard vs. Real Hazard: Quality of Care Post-Arrow / Michael L. Millenson --
Part 4: Social Norms and Professionalism. Arrow's Analysis of Social Institutions: Entering the Marketplace with Giving Hands? / Peter J. Hammer --
The Market for Medical Ethics / M. Gregg Bloche --
The Role of Nonprofits in Health Care / Jack Needleman --
Arrow on Trust / Mark A. Hall --
From Trust to Political Power: Interest Groups, Public Choice, and Health Care / Mark A. Peterson --
Regulating Health Care: From Self-Regulation to Self-Regulation? / Peter D. Jacobson --
The Lawyerization of Medicine / William M. Sage --
Part 5: Response by Professor Arrow. Reflections on the Reflections Kenneth J. Arrow.
Series Title: e-Duke books scholarly collection.
Responsibility: edited by Peter J. Hammer ... [et al.].
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Abstract:

Revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay "Uncertainty and the Welfare Economics of Medical Care" in light of the many changes in American health care since its  Read more...

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"This book is worthwhile because it is multifaceted. . . . A graduate student at the end of his or her first semester, a legislative aide with a decade of experience advising Congress, or an emeritus Read more...

 
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schema:description"This volume revisits the Nobel Prize-winning economist Kenneth Arrow’s classic 1963 essay “Uncertainty and the Welfare Economics of Medical Care” in light of the many changes in American health care since its publication. Arrow’s groundbreaking piece, reprinted in full here, argued that while medicine was subject to the same models of competition and profit maximization as other industries, concepts of trust and morals also played key roles in understanding medicine as an economic institution and in balancing the asymmetrical relationship between medical providers and their patients. His conclusions about the medical profession’s failures to “insure against uncertainties” helped initiate the reevaluation of insurance as a public and private good. Coming from diverse backgrounds—economics, law, political science, and the health care industry itself—the contributors use Arrow’s article to address a range of present-day health-policy questions. They examine everything from health insurance and technological innovation to the roles of charity, nonprofit institutions, and self-regulation in addressing medical needs. The collection concludes with a new essay by Arrow, in which he reflects on the health care markets of the new millennium. At a time when medical costs continue to rise, the ranks of the uninsured grow, and uncertainty reigns even among those with health insurance, this volume looks back at a seminal work of scholarship to provide critical guidance for the years ahead. Contributors Linda H. Aiken Kenneth J. Arrow Gloria J. Bazzoli M. Gregg Bloche Lawrence Casalino Michael Chernew Richard A. Cooper Victor R. Fuchs Annetine C. Gelijns Sherry A. Glied Deborah Haas-Wilson Mark A. Hall Peter J. Hammer Clark C. Havighurst Peter D. Jacobson Richard Kronick Michael L. Millenson Jack Needleman Richard R. Nelson Mark V. Pauly Mark A. Peterson Uwe E. Reinhardt James C. Robinson William M. Sage J. B. Silvers Frank A. Sloan Joshua Graff Zivin"@en
schema:description"Kenneth Arrow and the Changing Economics of Health Care: "Why Arrow? Why Now?" / Peter J. Hammer, Deborah Haas-Wilson, Mark A. Peterson, and William M. Sage -- Uncertainty and the Welfare Economics of Medical Care (American Economic Review, 1963) / Kenneth J. Arrow -- Part 1: Supply, Demand, and Health Care Competition. General Equilibrium and Marketability in the Health Care Industry / Michael Chernew -- Arrow's Concept of the Health Care Consumer: A Forty-Year Retrospective / Frank A. Sloan -- Uncertainty and Technological Change in Medicine / Annetine C. Gelijns, Joshua Graff Zivin, and Richard R. Nelson -- Human Inputs: The Health Care Workforce and Medical Markets / Richard A. Cooper and Linda H. Aiken -- Health Care as a (Big) Business: The Antitrust Response / Clark C. Havighurst -- Part 2: Risk, Insurance, and Redistribution. Health Insurance and Market Failure since Arrow / Sherry A. Glied -- Can Efficiency in Health Care Be Left to the Market? / Uwe E. Reinhardt -- Valuing Charity / Richard Kronick -- Medical Service Risk and the Evolution of Provider Compensation Arrangements / Gloria J. Bazzoli -- The Role of the Capital Markets in Restructuring Health Care / J.B. Silvers -- Part 3: Information, Knowledge, and Medical Markets. Arrow and the Information Market Failure in Health Care: The Changing Content and Sources of Health Care Information / Deborah Haas-Wilson -- The End of Asymmetric Information / James C. Robinson -- Managing Uncertainty: Intermediate Organizations as Triple Agents / Lawrence Casalino -- Moral Hazard vs. Real Hazard: Quality of Care Post-Arrow / Michael L. Millenson -- Part 4: Social Norms and Professionalism. Arrow's Analysis of Social Institutions: Entering the Marketplace with Giving Hands? / Peter J. Hammer -- The Market for Medical Ethics / M. Gregg Bloche -- The Role of Nonprofits in Health Care / Jack Needleman -- Arrow on Trust / Mark A. Hall -- From Trust to Political Power: Interest Groups, Public Choice, and Health Care / Mark A. Peterson -- Regulating Health Care: From Self-Regulation to Self-Regulation? / Peter D. Jacobson -- The Lawyerization of Medicine / William M. Sage -- Part 5: Response by Professor Arrow. Reflections on the Reflections Kenneth J. Arrow."@en
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