Economics, Medicine and Health Care by Gavin H. Mooney

By Gavin H. Mooney

The publication is appropriate for overall healthiness Economics thoughts inside undergraduate and postgraduate economics levels, and to be used on healthiness administration, Nursing and scientific levels. it's also applicable for post-experience classes for well-being execs. Professor Mooney, one of many major students in wellbeing and fitness economics, introduces uncomplicated financial recommendations and exhibits how an knowing of them contributes to wellbeing and fitness carrier policy-making. The book's technique and insurance is strongly foreign, and care is taken all through to make the textual content simply obtainable to readers with out past wisdom of economics.

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8. P. Kernick, ‘A new journal on the block: unorthodox, troublesome and dangerous, or just more of the same’, Applied Health Economics and Health Policy, 1 (2002), pp 3–5. QXD 9/20/07 2:40 PM Page 27 four Health status and other outcome measurement A nail factory met its target of 100 tons of nails by fabricating nails of 1 kilo each. The planners saw their error and instructed the factory to maximize the number of nails. The nails were too small to be of use. H. 1 Introduction Health status measurement and valuation are two of the most important and most difficult aspects of health care evaluation generally and of health economics in particular.

This issue of being value-laden is of importance regarding the choice of dimensions since that choice should be made on the basis of ensuring that what is measured allows one to see the extent to which the objective of the policy is being pursued. For example, if in the care of the elderly health status is measured in terms of life expectancy alone, this implies that health policy in the care of the elderly is concerned solely with keeping the elderly alive. (Clinicians are perhaps the biggest sinners in this respect.

Aspects of these issues are debated further in Chapters 4–6. Economists have been much intrigued in recent years by the nature of the ‘commodity’ health care, particularly in trying to explain why markets (‘non-markets’ may be a more appropriate description) for health care differ from those for most other goods. It can be frustrating (at least, for economists) to discover that textbook economics does not explain very well the market for health care in terms of conventional supply and demand analysis, as spelt out in the previous chapter.

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